Sundaram Clayton has received an approval for an investment of a sum not exceeding $ 8 million in tranches in a die-casting facility proposed to be established in United States (US) for the catering to the needs of overseas customers. The board of directors at their meeting held on August 04, 2015 have approved for the same.
The investments to be subject to such permission/consents under Indian and US Laws and subject to a detailed project Report submission for evaluation in the next board meeting.
Sundaram Clayton is one of the largest suppliers of aluminum die castings in the country. The company exports its products to international Original Equipment manufacturers.
Sundaram Clayton is currently trading at Rs. 2191, up by 208 points or 10.49% from its previous closing of Rs. 1983.00 on the BSE.
The investments to be subject to such permission/consents under Indian and US Laws and subject to a detailed project Report submission for evaluation in the next board meeting.
Sundaram Clayton is one of the largest suppliers of aluminum die castings in the country. The company exports its products to international Original Equipment manufacturers.
Sundaram Clayton is currently trading at Rs. 2191, up by 208 points or 10.49% from its previous closing of Rs. 1983.00 on the BSE.
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