Brief: Autoline Industries Says Received Offer From Tata Motors To Setup A Facility At Sanand

Autoline Industries

01/06/2023 15:00

June 1 (Reuters) - Autoline Industries Ltd  AUIN.NS :
    * CO RECEIVED OFFER FROM TATA MOTORS TO SETUP A FACILITY AT 
SANAND TO CATER WITH THE AUTOMOBILE PARTS TO TATA MOTORS
    * OFFER TO SETUP FACILITY AT SANAND, GUJARAT TO CATER WITH
THE
AUTOMOBILE PARTS TO TATA MOTORS
    * APPROVED SETTING UP OF NEW PLANT AT SANAND TO EXPAND
BUSINESS
AND RETAIN EXISTING BUSINESS WITH OEM
    * INVESTMENT REQUIRED FOR SETTING UP OF NEW UNIT ABOUT 500
MILLION
RUPEES
    * BROAD SIZE OF ORDER AT 1.20 BILLION RUPEES FOR FY 2024-25
WHICH
WILL SCALE UP TO 2 BILLION RUPEES P.A. FOR FY 2025-26 AND
ONWARDS


Further company coverage:  AUIN.NS 

 ((Reuters.Briefs@thomsonreuters.com;;))