Date: 29th July, 2026
Board Meeting Outcomes
- The Board of Directors at its meeting held on Wednesday, 29th July 2026 approved the proposal for setting up a new manufacturing facility
- Location: SF. No. 11 & 28, Komaranapalli Village, Denkanikottai Taluk, Krishnagiri District, Tamil Nadu – 635114 (Hosur Unit - 3)
Expansion / Capex Details
Existing Operations:
- Division: Aluminium Products Division
- Existing capacity utilization: Approximately 85%
Proposed Expansion:
- Purpose: Capacity addition to cater to incremental demand from automotive OEM customers in Southern India
- Commissioning timeline: 6–8 months, subject to receipt of requisite approvals and completion of project execution activities
Investment Requirements:
- Phase I – Rs.100 Crores (Estimated)
- Phase II – Rs.150 Crores (Estimated)
- Total Investment: Rs.250 Crores (Estimated)
Financing Mode:
- The project is proposed to be financed substantially through term loans
- Balance to be funded through internal accruals
Strategic Rationale:
- The Company presently operates aluminium products manufacturing facilities in Southern India
- Caters primarily to leading two-wheeler and passenger vehicle OEMs
- Existing capacities nearing optimal utilisation levels
- Growing demand from customers in the region
- Strategic proximity to key OEM customers
- Expected to enhance operational efficiency, improve logistics and support future business growth
Other Sections
Financial Results: Not Specified
Dividend Declaration: Not Specified
KMP / Board Changes: Not Specified
Auditor's Report: Not Specified
Disinvestment / Strategic Actions: Not Specified
Media Release / Investor Communication: Not Specified