MS-Gear Line Mfg. Expansion Project in India
A manufacturing expansion project in India aims to increase the capacity of an MS-Gear line by 0.4 million units by January 2026. The current capacity is 2.0 million units, operating at 90% utilization. The investment details are pending board approval, with a funding mix of internal accruals and borrowings anticipated. Project approval was secured as of December 2023, signaling a strategic move to meet market demands and enhance the company's standing in gear manufacturing.
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