Brakes Auto plans a new venture in Chennai & Kolkata

Brakes Auto India Ltd has announced that S Suresh Sharma, Managing Director, of the Company has said that the Company is investing 100 Crores in its new venture in Chennai and kolkata to manufacture Heavy Vehicle and Light Vehicle parts. The Company will also be manufacturing automobile, locomotive, aerospace and maritime components. The Company also plans to manufacture specific items which are used in Defence mechanism and Locomotives, Wagons and Engine parts.

The Company's new Building at Nardhana Industrial Area, Dhule, Maharashtra is almost ready and erection commissioning of Plant and Machinery already started and the commercial production is intended in May 2007.

Source : Equity Bulls

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