# 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.

- Type: Investment
- Announced: 2020-11-05
- Where: India
- Value: $1.35M (100.0M INR)
- Status: announced
- Products: forged and machined parts, missile parts, fasteners, transmission parts, engine parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Sundram Fasteners](https://endata.com/companies/9284.md)
- [TVS Engineering](https://endata.com/companies/50991.md) (partner)

## Sources

- [siliconindia.com](https://www.siliconindia.com/news/general/sundram-fasteners-to-venture-into-aerospace-defence-sectors-nid-214509-cid-1.html), 2020-11-05: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.