Brief: TVS Srichakra Says Planned Capital Expenditure Of 10 Bln Rupees To Ramp Up Manufacturing

TVS Srichakra

08/12/2020 06:21

Dec 8 (Reuters) - TVS Srichakra Ltd  TVSC.NS :
    * TVS SRICHAKRA -PLANNED CAPITAL EXPENDITURE OF 10 BILLION
RUPEES
TO RAMP UP MANUFACTURING IN ITS MADURAI AND PANTNAGAR PLANTS.
    * TVS SRICHAKRA -INVESTMENT IS PLANNED TO BE MADE OVER A
THREE
YEAR PERIOD.
    * TVS SRICHAKRA - INVESTMENT IS PLANNED TO BE FUNDED BY A
MIX OF
DEBT AND INTERNAL ACCRUALS.
    * TVS SRICHAKRA -INVESTMENT  TO RESULT IN INCREASE IN 2 & 3
WHEELER TYRE CAPACITY BY 25-30%
    * TVS SRICHAKRA -INVESTMENT TO RESULT IN DOUBLING OF
OFF-HIGHWAY
TYRE CAPACITY FROM CURRENT LEVELS.

Source text for Eikon:  ID:nBSE5sSbFK 
Further company coverage:  TVSC.NS 

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