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Omax Autos gets approval to setup new industrial unit in Uttar Pradesh

Omax Autos gets approval to setup new industrial unit in Uttar Pradesh

Omax Autos has received approval for setting up a new industrial unit for manufacture and supply of ‘Long Member’ at or around Raebareli in the state of Uttar Pradesh. The Board of Directors of the Company at its meeting held on December 03, 2018 has approved the same.

The proposed capacity is to be added within 3 years at an investment of Rs 165 crore around 50% of the investment would be funded through Equity and remaining 50% through external borrowings.

Omax Autos manufactures a range of components for automobiles ranging from two-wheelers, three-wheelers, Off-Highway, passenger cars, commercial vehicles and railways.

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