Stock Report

JTEKT India Ltd approves capacity expansion of MS-Gear Line

Posted On : 2023-12-06 18:37:32( TIMEZONE : IST )

JTEKT India Ltd approves capacity expansion of MS-Gear Line

JTEKT India Limited has evaluated and approved capacity expansion for MS-Gear Line.

The Existing Capacity of 2.0 Million (approx.) is running at Capacity Utilization of 90% (approx.). The company has proposed capacity addition of 0.4 Million (approx.) by Jan 2026.

The investment required is yet to be finalized & approved by Board while framing the installation of capacity. The new investment will be done through a mix of internal accruals and borrowings.

The additional capacity will help the Company to cater the demand of fast growing Indian OEMS as well Overseas Customers.

Shares of Jtekt India Limited was last trading in BSE at Rs. 132.90 as compared to the previous close of Rs. 134.40. The total number of shares traded during the day was 15408 in over 578 trades.

The stock hit an intraday high of Rs. 135.95 and intraday low of 132.50. The net turnover during the day was Rs. 2053863.00.

Source : Equity Bulls


JtektIndia INE643A01035 CapacityExpansion MSGearLine