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Bosch to invest Rs 600 crore for development of the new manufacturing facility

18 Sep 2013 Evaluate

In a bid to relocate manufacturing plant at Bangalore’s Adugodi locality to Bidadi, about 35 kms from Bangalore in two phases till 2016-17, Bosch is planning to invest Rs 600 crore for development of the new manufacturing facility.

In this regard, the company has also acquired 97 acres land in Bidadi from Karnataka government for the construction of the new manufacturing facility, which will also house related support functions besides manufacturing facility for a wide range of products.

Its existing plant at Adugodi was built in 1953, which has grown to its full capacity and has no place left for further expansion.

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