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Wheels India plans Rs 100 crore capex for wind energy segment

24 May 2021 Evaluate

Wheels India has planned a capital expenditure of Rs 100 crore this year for the wind energy segment and would set up a plant in Thervoy Kandigai near Chennai. In addition, the company would look at investing a 'good portion' for the second phase of the cast aluminium plant. The company currently have built up capacity for 3.50 lakh wheels and it will be taking this upto 7.50 lakh wheels.

Wheels India engages in the design, manufacture, and sale of automobile wheels in India.

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