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Exide to invest Rs 35cr for second smelter in country
New Delhi, May 29 (UNI) Exide Industries Ltd today said it will invest Rs 35 crores to set up a second smelter in the country.
'' The company is in discussions with local smelters,'' it said in a statement.
In October, Exide Industries had bought lead smelter Tandon Metals Pvt Ltd to access recycled raw materials and cut dependance on high-cost imported lead.
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Story first published: Thursday, May 29, 2008, 18:34 [IST]
