Mumbai, Aug. 20 -- It further stated that this strategic capacity enhancement is being undertaken in view of the higher demand expected for advanced safety products of this nature.

The new machinery shall be installed primarily for manufacturing aforementioned products at the company's existing plant MIDC Industrial area, Waluj, Chhatrapati Sambhajinagar.

The project, which is set to be completed in the fourth quarter of the financial year 2025-26, entails a total investment of Rs 135.6 crore.

From this total corpus, the largest portion of Rs 103.1 crore would be allocated for a proposed capacity addition of 200,000 units of ABS, significantly increasing its existing capacity of 53,000 units per month.

The company also plans to add 10...