Brief: Universal Autofoundry Approves Expansion Of Business By Setting Up Machining Unit
March 30 (Reuters) - Universal Autofoundry Ltd UNVE.BO :
* UNIVERSAL AUTOFOUNDRY LTD - APPROVES EXPANSION OF BUSINESS
BY
SETTING UP MACHINING UNIT
* UNIVERSAL AUTOFOUNDRY LTD - TO SET UP NEW MACHINING UNIT
FOR
PRODUCTS BEING PRODUCED IN UNIT II
* UNIVERSAL AUTOFOUNDRY- EXPECTS EXPANSION WILL INCREASE
PROFITABILITY BY MINIMUM 15%
* UNIVERSAL AUTOFOUNDRY LTD - TOTAL PROJECT COST WILL BE
ABOUT 200
MILLION
Source text for Eikon: ID:nBSE7qDTWG
Further company coverage: UNVE.BO
((reuters.briefs@thomsonreuters.com;))
Recent news on Universal Autofoundry
See all newsBrief: Universal Autofoundry Approves Preferential Issue Of Warrants
Brief: Universal Autofoundry Names Vinit Jain As CFO
Brief: Universal Autofoundry Approved Raising Of Funds Worth Upto 260 Million Rupees Via Preferential Issue
Brief: Universal Autofoundry Names Vimal Chand Jain As Chairman
Brief: Universal Autofoundry Says To Consider Issue Of Bonus Shares