Exide to invest 1.8 bln rupees on expansion in FY09

Newswire

KOLKATA , July 25 (Reuters) - Automotive and industrial battery maker Exide Industries Ltd plans to invest 1.8 billion rupees to raise capacity in FY09, Managing Director and Chief Executive Officer T.V. Ramanathan said on Friday. "We will raise capacity by 20 percent in both industrial and auto segments," he told reporters after the annual shareholders meet. Ramanathan also said that the company would examine any price increase only if lead prices rise above $2,500 a tonne. Current lead ...

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