Chennai-based automotive components manufacturer Sundaram Brake Linings Ltd (SBL) is planning to invest around Rs 21.50 crore in expanding the capacity of its friction material unit. The company has decided to increase the capacity of friction material to 23,000 tonnes from the existing 20,000 tonnes.
Of the proposed investment, the company would borrow around Rs 17.50 crore from banks and the balance would be met through internal accruals.
The expansion is expected to be completed by the third quarter of 2010-11. The expansion will enable SBL to cater to the growing export and domestic demand, the company informed the Bombay Stock Exchange on Tuesday.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app