Endurance Technologies has initiated setting up of a plant at Karinayakanahalli Village, Kasaba Hobli, Malur Taluka, Kolar District, on land (admeasuring over seven acres) taken on lease-cum-sale basis from Karnataka Industrial Areas Development Board.
The company will manufacture its suspension product range at the plant from the third quarter of 2018-19, to cater predominantly to one of its leading OEM customers situated in the vicinity.
The stock of Endurance Tech slipped 2 per cent at ₹1,156.55, on the NSE.