|
|
Article: Uma Precision plans Rs 91 crore capex.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- July 9, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Uma Precision plans Rs 91 crore capex
Mumbai, July 9 (PTI) - Precision engineering solution provider, Uma Precision Ltd has outlined a Rs 91-crore capex plan, which includes expansion and backward and forward integration initiatives.
"We plan to set up plants for bright bar manufacturing, cold forging, CNC machines and Delta surface coating facility," the Pune-based company's Managing Director and CEO Rajendra Kankaria told PTI.
"We are also planning a Rs 10 crore new plant at Pantnagar in Uttaranchal in Tata Motors' Vendors Park," Kankaria said.
Uma Precision is making an initial public offer (IPO) of 40-lakh equity shares at a price ...