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)