Sundaram lines up Rs 150 cr capex in 2011-12

Sundaram Fasteners Ltd is planning to invest around Rs 150 crore in 2011-12, which is an increase of around 11 per cent over last year. Besides, the company also said it is looking at acquisitions in the automotive space.

Suresh Krishna, chairman and managing director, Sundaram Fasteners Ltd, said the total capital expenditure commitments in 2011-12 is likely to be around Rs 150 crore, subject to market conditions and internal accruals.