Tata Electronics intends to raise Rs 500 crore loan for Tamil Nadu unit
Manufacturing
Sep 10,2023
Tata Electronics Private Limited (TEPL) intends to raise more than Rs 500 crore as a term loan to expand its electronics manufacturing capacity in Hosur, Tamil Nadu.
The extension is expected to cost Rs 3,400 crore. TEPL is a Tata Group greenfield company with experience in precision component production.
The manufacturing facility's first phase (named 1A) was completed in December 2022.
The company incurred a cost of Rs 4,225 crore for the project, which was funded in a debt-equity ratio of 70:30.
Company :
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Tata Electronics
