Sundram Fasteners to invest Rs 100 crore in aerospace and defence sectors

Sundram Fasteners has earmarked Rs 100 crore to enter the aerospace and defence sectors through a wholly owned subsidiary TVS Engineering Ltd. The company also plans to spend Rs 150 crore on capacity expansion in FY21.

“As a part of de-risking its business from the automobile sector, Sundram Fasteners has decided to get into aerospace and defence sectors and has earmarked Rs 100 crore for the purpose.”siliconindia.com

• 1 source
• siliconindia.comSundram Fasteners to venture into aerospace, defence sectorsIANSNov 5, 2020

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