Board of CEAT approves capex of Rs 1205 cr to increase capacity of truck bus radial

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Capital Market
Last Updated : May 05 2021 | 4:04 PM IST

At meeting held on 05 May 2021

The Board of CEAT at its meeting held on 05 May 2021 has approved additional investment by way of capex of approx. Rs 1205 crore to enhance capacity of truck bus radial at the Chennai greenfield plant of company, in two phases, up to 190 tons per day capacity over a period of next four years. The investment will be funded through a mix of debt and internal accruals.

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First Published: May 05 2021 | 3:45 PM IST

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