CG Power and Industrial Solutions, acquired by the Tube Investments of India group company of Murugappa Group last year, has chalked out capital expenditure plans of Rs 135 crore during the current financial year, the company said.
The capex plan would be utilised to improve production at its manufacturing facilities, CG Power and Industrial Solutions said in a statement.
“The Board of Directors of the company have approved a capital expenditure programme of Rs 135 crore to be implemented in the current financial year.
The capex will be spent in balancing, debottlenecking and modernising facilities at the plants to improve production and productivity”, the company said.
