Sona Group co to spend Rs 100 cr to add capacity

NEW DELHI: Sona Group company, Sona Okegawa Precisions Forgings, on Thursday announced its plans to invest Rs 100 crore on capacity expansion. The company is also scouting for acquisition over the next three years to further enhance capacity.

“In the next one year, we would take our forged gears capacity to 20 million units from the current 9 million units,” said Sona Group chairman & managing director Surinder Kapur. For this, the company is setting up a tool and die plant in Haryana with an investment of Rs 20 crore.

The company has already commissioned a manufacturing plant in Pune and will invest Rs 80 crore on its construction. While the new plant at Haryana would go onstream in the next 10 months, the Pune plant would be operational by October next year, he added.