JTEKT India Limited to expand capacity of MS-Gear Line

JTEKT India Limited has evaluated and approved capacity expansion for MS-Gear Line.

The existing capacity of 2.0 Million (approx.) is running at a capacity utilization of 90% (approx.)

The proposed capacity addition of 0.4 Million (approx.) will be funded through mix of internal accruals and borrowings.

The additional capacity will help the Company to cater the demand of fast growing Indian OEMS.

Shares of Jtekt India Limited was last trading in BSE at Rs. 148.50 as compared to the previous close of Rs. 150.90. The total number of shares traded during the day was 12842 in over 393 trades.

The stock hit an intraday high of Rs. 151.75 and intraday low of 148.00. The net turnover during the day was Rs. 1925793.00.

Source : Equity Bulls

Keywords

JtektIndia INE643A01035 CapacityExpansion MSGearLine