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Outcome of board meeting of Sundaram Clayton

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Capital Market
Last Updated : Aug 05 2015 | 1:01 PM IST

Held on 04 August 2015

Sundaram Clayton announced that the Board of Directors of the Company at its meeting held on 04 August 2015, have approved in-principle, an investment of a sum not exceeding USD 8 MN in tranches by the Company in a die-casting facility proposed to be established in United States (U.S) for catering to the needs of overseas customers, subject to such permissions / consents under Indian and U.S Laws and subject to a detailed Project Report submission for evaluation in the next Board Meeting.

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First Published: Aug 05 2015 | 12:18 PM IST

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