TTK Prestige to invest Rs 85 cr by March

TTK Prestige Ltd, which had earmarked a capex of Rs 230 crore during the current financial year, would invest around Rs 85 crore by March.

“Project capex spent during the year was around Rs 140 crore and the balance Rs 85 crore would be spent before March 31,” said the management. Debt as on December 31, 2011, was around Rs 90 crore.

Addressing analysts recently, it said the capex plan for Uttarakhand for pressure cookers was complete while the Coimbatore project facility was also largely complete. Expansion in SS cooker capacity in Hosur was also complete and the Gujarat project will be taken up in 2012-13.