Expansion19 Jun 2025, 01:34 pm
UNO Minda Ltd. Approves Rs. 210 Crores Capital Expenditure for New Casting Division Manufacturing Facility in Aurangabad
AI Summary
UNO Minda Ltd. has approved the Detailed Project Report (DPR) for setting up a new manufacturing facility for its Casting Division at Sambhaji Nagar, Aurangabad. The total capital expenditure for this new facility is estimated at Rs. 210 Crores, which will be spent in a phased manner to cater to the increasing demands of OEMs for casting parts in EV Vehicles. The proposed capacity addition is 3,629 MT per annum, to be achieved over the next 5 years in a phased manner.
Key Highlights
- UNO Minda Ltd. approves Rs. 210 Crores capital expenditure for new casting division manufacturing facility in Aurangabad.
- The new facility is set to cater to the increasing demands of OEMs for casting parts in EV Vehicles.
- The total capital expenditure is estimated at Rs. 210 Crores, to be spent in a phased manner.
- The proposed capacity addition is 3,629 MT per annum, to be achieved over the next 5 years in a phased manner.
- The decision was made in a Committee of the Board of Directors meeting held on June 19, 2025.