Endurance Technologies Ltd approves capacity expansion of aluminium alloy wheels

Endurance Technologies Limited has evaluated and approved capacity expansion for manufacturing aluminium Alloy Wheels ("AW") for two wheeler applications. The capacity expansion shall be at its existing facility at Chakan, Dist. Pune and the estimated investment is Rs. 450 million.

The existing capacity is 190,000 sets (front and rear) of Alloy Wheels per month and the capacity utilization is ~98% of the existing capacity.

The proposped capacity addition is 40,000 sets of Alloy Wheels per month. The expansion project is expected to be completed by April, 2024.

Shares of Endurance Technologies Limited was last trading in BSE at Rs. 1598.50 as compared to the previous close of Rs. 1591.60. The total number of shares traded during the day was 1188 in over 266 trades.

The stock hit an intraday high of Rs. 1623.45 and intraday low of 1588.95. The net turnover during the day was Rs. 1898406.00.

Source : Equity Bulls

Keywords

EnduranceTechnologies INE913H01037 CapacityExpansion AluminiumAlloyWheels TwoWheelers