Over 10 acres of land allotted to auto ancillary unit in Jharkhand
The Jharkhand govt has moved to allot 10.09 acres of land in Jamshedpur for Steel Strips Wheels Ltd. An auto ancillary company, it will set up a commercial vehicle wheel plant. Production is targeted at meeting Tata Motors' increased demand for MCV and HCV wheels.
Plans for a joint venture company at Jamshedpur to cater to Tata Motors' demand and use port facilities nearby had been approved two years ago. The shares of the company closed at Rs.140 at the BSE, moving up by 0.29%.
By INRnews Correspondent
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