UNO Minda Approves ₹1500 Cr+ Capacity Expansion & NCD Issuance
UNO Minda's Board of Directors has approved a significant capacity expansion plan across its subsidiaries and associates, involving multiple new plants and upgrades. Key approvals include a new two-wheeler alloy wheel plant in Haryana (₹155 Cr), a casting division plant in Tamil Nadu (₹510 Cr), expansion at a subsidiary's Bengaluru plant (₹80 Cr), and a new facility in Maharashtra for automotive products and airbags (₹670 Cr). The company also approved the issuance of Non-Convertible Debentures (NCDs) up to ₹600 crores and commercial papers up to ₹500 crores to fund these expansions and general corporate purposes. These strategic moves aim to bolster manufacturing capabilities and support future growth, particularly in EV and powertrain applications.
Key Highlights
- Board approves multiple capacity expansion projects totaling over ₹1415 Cr.
- New plants to be set up in Haryana, Tamil Nadu, and Maharashtra.
- Expansion includes facilities for alloy wheels, casting, automotive products, and EV applications.
- Company to raise ₹600 Cr via NCDs and ₹500 Cr via Commercial Papers.
- Strategic relocations and new greenfield facilities to enhance synergies and capabilities.
Price Impact
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