Uno Minda approves ₹1,415 crore capex for new projects
pre-market1 source ↓written by the desknot a recommendation
- for capital expenditure
- ₹1,415 crore
- a capacity
- 3.3 million units
- through non-convertible debentures
- ₹600 crore
Uno Minda's board has approved ₹1,415 crore for capital expenditure across four projects, including a new two-wheeler alloy wheel plant in Kharkhoda with a capacity of 3.3 million units. Additionally, the company plans to raise ₹600 crore through non-convertible debentures and commercial papers. This expansion aims to enhance production capabilities and meet rising demand in the auto components sector. ⚙️
Not investment advice. For informational purposes only.