Wednesday, August 13, 2008

Crompton Greaves on a capex spree

Crompton Greaves Ltd will be spending Rs 2.2 billion in 2008-09 on expanding capacities by 10-12 % across its three segments, a Reuter’s article reported yesterday. The company spent about Rs 1.5 billion last year. At the end of July, it had an outstanding order book of Rs62 billion, executable over the next 15 months.

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