Motherson Sumi arm bags Rs1,400 cr order from European cos

Untitled Document

Construction news | Construction world updates | construction Equipments | Infrastructure News | Construction industry | Real Estate News | Telecom news | projects World

Find all the latest updates on construction, construction equipments, softwares, infrastructure news, global trade shows, and get deep insights into the construction & infrastructure industry.


	Home About Us New Issue Advertise Subscribe Subscribe Enquiry Subscribe Online Archive Contact

IRB Infrastructure Forms JV with Reliance Infrastructure for NHAI project | JSW raises Rs1849 cr via warrants issue | NTPC may buy stake in Australian coal mines | RIL plansto invest US $4 bnover 3 yrs for broadband | TATA Metaliks to construct 3mt steel project in Karnataka | Vizag Port in pact with Sterlite SAIL and Essar for integrated logistics hub | Sarguja UPMM in Chattisgarh delayed due to environment clearance |Chhattisgarh to plant six crore saplings this monsoon |Reliance Ind to infuse $3 bn to expand petrochem unit in Gujarat | Govtfavors 10% disinvestment in Coal India, Hindustan Copper

www.epcworld.in

Airports & Aviation

Cement

Equipment

Construction Equipments

Mining Equipments

Material Handling Equipments

Global Brief

Information Technology

Logistics & Transport

Oil and Gas

Ports and Shipping

Power & Energy

Railways

Real Estate

Roads and Bridges

Steel

Telecom

Andhra Pradesh CM killed in copter mishap | Kolkata Port invites bids for HDC | Govt signs agreements with World Bank for three projects | Thermax enters into JV with SPX Corp | IVRCL Infra bags Rs 583 cr water projects

New Contracts

Motherson Sumi arm bags Rs1,400 cr order from European cos

10/27/2009 02:30:00 PM

Mumbai, Oct (EPC News): Motherson Sumi Systems Ltd (MSSL) announced that its European subsidiary Samvardhana Motherson Refletec (SMR) has received Rs1401.8 crore order for supply of rear-view mirrors to two auto companies.

This is apart from SMR’s earlier orders worth Rs3,503 crore from Volkswagen and BMW that the company had announced in August.

The Rs 1,400-crore order is for a period of seven years, which is roughly the life of the vehicle models we are supplying for. Supplies will commence from 2011, when the new models will be launched.

To execute this order, SMR will invest about Rs280 crore in setting up two new plants, besides the expansion of its existing plant in Hungary. According to Mr Sehgal, one new plant will be set up in South Africa, while the other will be in Europe.

EPC News Bureau