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Home arrow Business News arrow Sundaram Brake Linings Ltd to invest Rs 21.50 cr on expanding capacity
Sundaram Brake Linings Ltd to invest Rs 21.50 cr on expanding capacity Print E-mail
Written by Vijay   
Wednesday, 11 November 2009
Mumbai: Sundaram Brake Linings Ltd., a TVS group company, has decided to increase the production capacity of friction materials by 3000 Metrics Tonnes from existing 20000 Metric Tonnes at an expenditure of Rs.21.50 crores approx. This will enable SBL to cater to growing export demand and any increase in demand in domestic market.

The expansion work is scheduled to start soon and is expected to be completed by 3rd Quarter of 2010-11.

Of the total expenditure involved, Rs 17.50 crores will be borrowed from banks and the balance will be contributed from internal resources.

The company manufactures friction material for the automotive, non-automotive and industrial sectors. It's products are used extensively in commercial vehicles, passenger cars, tractors and motor cycles.

 
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