ZF Steering Gear Subsidiary Revises Aluminium Project Cost to ₹150 Cr

ZF Steering Gear (India) Limited's wholly-owned subsidiary, DriveSys Systems Private Limited, has revised its Aluminium Project cost upwards from ₹100 crore to ₹150 crore. This revision is attributed to the addition of equipment for enhanced value addition in aluminium extrusion products, including facilities for anodizing, machining, and other downstream processing to create an integrated aluminium value chain unit. The increase also factors in the proposed expansion of project capacity through the acquisition of adjacent land and subsequent investment in plant and machinery. The holding company's Board has approved this revision.