Corporate News 10-Nov-22
Board of Uno Minda approves setting up of new 4W lighting plant
At meeting held on 10 November 2022
The Board of Uno Minda at its meeting held on 10 November 2022 has approved the setting up of a new 4W Lighting plant of the Company in India. The total capital expenditure (including sustaining capex) to be incurred over the period of five years in the project would be around Rs. 400 crore with initial investment of Rs. 230 crore over next two years as first phase to set up the new plant. The commercial production is expected to start from Q4 FY 2023-24.
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