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SONA OKEGAWA TO INVEST US$26.4 MLN,EYES TOP THREE SLOT.
NEW DELHI, June 1 Asia Pulse - Sona Okegawa Precisions Forgings Ltd on Thursday said it will invest Rs 1 billion (US$ 24.6 million) in next one year for capacity expansion and was looking at mergers and acquisitions to become a top three global company by 2011-12.
"In the next one year, we are looking at taking our forged gears capacity to 20 million units from current level of nine million, for which we will be investing Rs 100 crore," Sona Group Chairman and Managing Director Surinder Kapoor said.
The company, a joint venture of Sona group and Japan's Mitsubishi Materials Corp, also announced setting up of a tool and die plant in Haryana at an investment of Rs 200 million.
Kapoor ...
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...any recourse on Sona Okegawa's Indian operations...Last year, the Sona group had raised the equity capital of Sona Okegawa by infusing Rs 100 crore. Sona Okegawa is a joint venture between India's Sona Group and Mitshubishi...
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