The company will spend Rs 100 crore in the current fiscal year to expand capacity for making more power generation and automotive engines. The capex will be funded through internal accruals and debt in a ratio of 70:30. With the increased capacity, the Cummins plans to make 600 engines of 5.9 litre capacity each per day as compared to 400 engines per day at present. These engines are used for automotive purposes. The company also plans to make 24 high-end engines of 38-50 litres capacity each per day against the 16 engines per day now, which are used for power generation.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment