Lumax Group allocates Rs 250 crore capex for new plant and expansion

Lumax Group is investing Rs 250 crore in capital expenditure to set up a greenfield electronics plant in Bawal, Haryana (Rs 100 crore) and expand capacity at its Sanand plant in Gujarat from 3 lakh to 5 lakh units (Rs 80-100 crore).

“We have allocated Rs 250 crore capex this fiscal, some of which is carry-forward from last fiscal because of the lockdowns.”auto.economictimes.indiatimes.com

• 1 source
• auto.economictimes.indiatimes.comLumax Group Capex: Lumax group sets aside Rs 250 cr for capex, ETAutowww.ETAuto.comMay 13, 2021

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