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Shriram Pistons’ new plant

Auto components maker Shriram Pistons and Rings on Thursday said it will invest about Rs 700 crore over the next six years at its proposed new plant in Pathredi ( Rajasthan ). "The first phase of the plant will involve an investment of Rs 200 crore and it will come on stream in January 2011. After that we will put in about Rs 100 crore annually over five years to augment capacity," Shriram Pistons and Rings Managing Director and CEO Ashok Taneja told reporters here. Speaking on the sidelines of a CII event, he said the investment will be made from the company’s internal accrual and debts.



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