Setco Automotive is planning to invest Rs 300 crore over the next three years to ramp up capacity and other activities. The company also expects to grow at about 20 per cent in FY20. This investment is for over three years starting with Rs 50-60 crore in FY20 and then scaling it up in the subsequent years.
Of the total, Rs 120 crore will be invested in the foundry subsidiary LavaCast, and Rs 150-160 crore will be invested in other activities, including capacity expansion, setting up of a heat treatment and press shop, among others.
Setco Automotive is a premier manufacturer of clutch products for the Automotive and hydraulic products for Construction Equipment Industry. In addition Setco also manufactures precision engineering components like complex and deep drawn pressings and forgings and castings that are machined and heat treated.
