Sundram Fasteners is planning to invest Rs 100 crore in its defence business vertical in the next two years. The company has been devising plans and broad-basing the product segments to increase its revenues, exports and profits considering the need for faster growth and to ensure consistent performance under economic cycles. The company is working with the defence establishments to be part of the Atmanirbhar initiatives of the Indian government.
Sundram Fasteners is primarily engaged in manufacture and sale of bolts and nuts, water pumps, sintered products, cold extruded components, hot and warm forged parts, radiator caps and other parts which have applications mainly in automobile industry.
