TVS Srichakra Limited
TVS Srichakra plans to ramp up manufacturing of its tyre manufacturing unit at Madurai and Pantnagar plants. The company has proposed investment to the tune of Rs. 1,000 crore over a three-year period in this regard. The funding is planned through a mix of debt and internal accruals. The company aims to achieve doubling of off-highway tyre capacity and increase of 25-30 percent in the two-and three-wheeler tyre production capacity once the expansion is completed.
Location: Madurai Tamil Nadu
Estimated Value (Rs. Cr): 1000
Sector: Tyres
Project Stage: Conceptual / Planning
Note: The above project/tender has appeared in our ProjectX India | December 15, 2020 edition. Click here to buy this edition
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