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Apollo Tyres lines up capex of Rs 2,600 cr for FY21, FY22

Monday, 23 Nov 2020
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Apollo Tyres is planning for a capital expenditure (capex) of around Rs 2,600 crore for FY21 and FY22.

The factories are running at between 85 percent and 90 percent utilisation.

During H1/FY21 the company had invested around Rs 600 crore.

Going forward, the focus will be on sweating the assets and de-leveraging the balance sheet. The capex intensity will come down in the next few years.

 
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