Stocks

New foray may boost Sundram Fasteners

| Updated on May 09, 2019 Published on May 09, 2019

Shares of Sundram Fasteners may remain in focus, as it plans to set up a new factory at Sri City, Andhra Pradesh, eyeing to expand its non-auto business. The proposed factory will manufacture high precision engineering components (off-road) and help the company’s foray into the non-auto segment. Besides, the company is getting ready to tap the opportunity arising from the new Defence Procurement Policy. The company will focus on aerospace and defence segments.

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Published on May 09, 2019
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