The aim of revamping a machine is to install production capacity at a lower capital cost without compromising the quality of production. The planning of a revamp also takes care of future improvements, which help in deferring the overall investment plan by distributing it over a period of time. Mangers responsible for operation and maintenance of a production unit understand that revamping is a challenging way of increasing the capacity at minimum cost and requires a close co-ordination among all agencies involved [18]. When the output requirement, i.e. customer’s voice, is properly heard and the revamping scheme is tailor made, capacity gains may go up to 100 per cent of the original [4]. Each revamp is unique, involves key specialties, and provides opportunities to enhance new technologies to replace conventional items. A major revamp can be more economical than purchasing new equipment