Omax Autos has received board’s approval to double manufacturing capacity of products and equipment supplied to railways over the next 2-3 years. The company currently has a manufacturing capacity to convert around 4,800 tonnes per annum of steel into various parts and equipment required by the railways.
The company’s capacity expansion exercise would require an investment in the range of Rs 100 crore to Rs 120 crore. It listed various tools including realisation from disposal of existing surplus assets, internal accruals and external borrowings to fund the proposed investment.
Omax Autos manufactures a range of components for automobiles ranging from two-wheelers, three-wheelers, Off-Highway, passenger cars, commercial vehicles and railways.
