By G Balachandar Jul 23 2012 , Chennai
Tags: Companies
Leading auto parts maker Sundram Fasteners (SFL), part of the TVS group, is going ahead with its capex plan amid challenging market conditions and has chalked out a budget of Rs 150 crore for the present financial year. However, it will keep the option open to shrink the capex budget if market conditions become worse.“The vehicle sector has projected some improvements demand in the domestic market from festive season. We hope things will be better from that period, and so far, there is no change in our capex plan for the financial year,” a top company official told Financial Chronicle. (…)
via Sundram Fasteners plans Rs 150 cr capex | mydigitalfc.com.