MoneyWorks4Me

Sona BLW Precision gets nod for capacity expansion at Chennai plant

27 Jul 2023 Evaluate

Sona BLW Precision Forgings has received approval for expansion of existing capacity at Chennai plant located at Chengalpattu, Tamil Nadu.  Further, the Board has approved investment of Rs 99.7 crore for capacity expansion of the Chennai plant from 400,000 to 600,000 EV traction motors and a new capacity 500,000 units of PCB Assembly, by financial year 2025. The Board of Directors of the company at its meeting held on July 27, 2023, has approved the same.

Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.


Peers
Company Name CMP
SamvardhanaMotherson 164.40
Tube Investments 2605.00
Bosch 47800.00
UNO Minda 1240.00
Bombay Burmah Trdg. 1510.30
View more..