Sundram Fasteners Managing Director Arathi Krishna says that stay dedicated to producing and delivering high-quality merchandise, making a optimistic influence on our group, and contributing to TN’s general financial prosperity.
Sundram Fasteners Ltd. (SFL) has drawn up plans to invest up to ₹1,411 crore in Tamil Nadu for capability expansion of present merchandise, together with elements for electrical automobiles.
The funding is proposed to be made in SFL’s factories throughout the State at Padi, Mahindra World City, Velappanchavadi, Gummidipoondi, Hosur, Madurai and Villupuram.
The investments made in Mahindra World City, SEZ fall beneath each the economic coverage and the EV coverage. The deliberate funding spans up to FY27-28, one of many largest suppliers to OEMs and automakers globally, SFL mentioned in an announcement.
In this route, SFL just lately entered right into a MoU with the State Government throughout the Global Investors Meet 2024 held in Chennai.
This strategic transfer solidifies the corporate’s dedication to the state’s financial growth, producing employment alternatives for over 1,500 people in Tamil Nadu, SFL mentioned.
“As we move forward, we remain committed to producing and delivering high-quality products, creating a positive impact on our community, and contributing to the State’s overall economic prosperity,” mentioned MD Arathi Krishna.
