Exide to spend 600 mln rupees on new export unit

Newswire

MUMBAI, Aug 28 (Reuters) - Industrial and automotive battery maker Exide Industries Ltd. said on Monday it would spend 600 million rupees to start an export oriented plant. The plant, which would eventually produce 1 million pieces a year, was being built in Haldia in West Bengal state. It would focus on exports to Australia, Korea, Japan and Singapore, the company said in a statement.

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