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Ashok Leyland doubles investment in Uttaranchal by Rs.1,000 crore

Tuesday, 26 Feb 2008
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Ashok Leyland has decided to double investment in Uttaranchal from the Rs.1,000 crore to Rs.2,000 crore, to support its expansion plan.

It has submitted a new proposal to the State Industrial Development Corporation of Uttarakhand (SIDCUL), to acquire an additional 17 acres of land for its proposed facility at Pant Nagar. Ashok Leyland had previously acquired 175 cares of land. Investment in the project is marked at Rs.1,000 crore. The facility is being set up to manufacture commercial vehicles and engine parts.

Also See:

Ashok Leyland plans Rs.4,000 capex (01-Nov-07)

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