| Uma Precision plans expansion, to raise Rs 90cr |
| BS Reporter / Pune July 09, 2007 |
| Engineering components manufacturer Uma Precision is planning a capital expenditure of Rs 90 crore for forward and backward integration. The Rs 120 crore Uma Group, which supplies components to auto majors like Tata Motors, Bajaj Auto and Holden (of the General Motors Group) and engineering companies like Siemens, is also planning to focus equally between automotive and electrical engineering industries as part of its strategy to derisk its business. Rajendra Zankharia, managing director, Uma Precision said the company will set up a bright bars manufacturing plant to create a dependable source of raw material. He said the forward integration would be a Delta surface components coating plant being set up with technology acquired from Dorken MKS Systems GmbH, Germany. "The coating plant will not only ensure higher realizations for the components we presently make, but also open new segments for us, |
