Sundaram Brake Linings up 9.8%

The stock jumped 9.8 per cent at Rs 182, after the company decided to increase the production capacity of friction materials by 3000 million tonnes from existing 20,000 million tonnes. The total expenditure will be around Rs 21.50 crore of which Rs 17.50 crore will be borrowed from banks and the rest from internal resources.

The expansion work will start soon and is expected to be completed by the third quarter of 2010-11. This will enable the company to cater to growing export demand and any increase in demand in domestic market.