Exide plans Rs.100 crore investment in this fiscal
Kolkata, July 17:The country’s largest lead acid battery maker, Exide Industries, will invest around Rs.100 crore in 2009-10 on augmenting its capacity by 15 percent, a top company official said here Friday.
“The investment will go into our plants in Haldia and Hosur and 50 percent of the money will be spent on increasing our industrial battery output,” Exide managing director T.V. Ramanathan told reporters on the sidelines the company’s annual general meeting.