FORBES PRECISION : APPROVES STEEL TAPS CAPACITY EXPANSION WORTH RS 60 CR

• Board approved capex budget of approximately ₹60 Cr for expanding manufacturing capacity in Steel Taps • Proposed capacity addition of 10 lakh units per annum at full utilisation • Existing capacity at ~36 lakh units per annum with utilisation running at 80 to 92% • Proposed capacity to be added within 1 to 1.5 years • Investment to be funded via a combination of internal accruals and debt • Rationale: economic indicators reflect potential demand, expansion will lift capacity and widen product range

Forbes Precision Tools and Machine Parts Ltd

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