Uno Minda approves ₹1,415 crore capex for new plants
pre-market1 source ↓written by the desknot a recommendation
- in capital expenditure
- ₹1,415 crore
- a capacity
- 3.3 million units
- in non-convertible debentures
- ₹600 crore
- revolving limit
- ₹500 crore
Uno Minda Ltd's board has approved ₹1,415 crore in capital expenditure for four new facilities, including a two-wheeler alloy wheel plant in Kharkhoda with a capacity of 3.3 million units. Additionally, the company plans to issue ₹600 crore in non-convertible debentures and commercial papers with a ₹500 crore revolving limit. This expansion signals strong growth potential for the auto components sector.
• New casting facility in Hosur
• Capacity expansion at Bengaluru plant
• New facility in Chhatrapati Sambhajinagar
Not investment advice. For informational purposes only.