HomeNewsBusinessCompaniesShivam Autotech to invest Rs 50cr for capex this year

Shivam Autotech to invest Rs 50cr for capex this year

Shivam Autotech stock rallied as the company planned to expand capacity.

November 24, 2011 / 15:18 IST
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Shivam Autotech stock rallied as the company planned to expand capacity. As much as 95% of the company's sales are directed to Hero Motocorp.


Shivam Autotech has invested about Rs 220 crore in Haridwar plant till now and will invest another Rs 50 crore for capex to cater to the expansion this year, said managing director Neeraj Munjal. Here is the edited transcript of Nanda
first published: Nov 24, 2011 03:00 pm

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