Steelbird lines up Rs 250 crore capex for new plant in Tamil Nadu's Hosur

Leading helmet maker Steelbird Hi-tech India aims to invest over Rs 250 crore to set up a new manufacturing facility in Hosur, Tamil Nadu, as it looks to scale up capacity to cater to rising demand, according to a top company official. The company, which has four plants each in Baddi (Himachal Pradesh) and Noida, is looking to roll out over 20,000 units from the Hosur plant in two years time. In an interaction with PTI, Steelbird MD Rajeev Kapur said the plant has been envisaged to cater to the aftermarket and demand from various OEMs (Original Equipment Manufacturers) based in South India. "In the initial phase, we are looking to invest Rs 100 crore in the project. The total capex spread over two years would be in the range of Rs 250 crore," he noted. The plant is expected to be functional over the next two years, Kapur said. The company is in the final stages of acquiring the land for the facility, he added. Steelbird is also expanding its manufacturing capacity at existing pla

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