The company secured new orders worth ₹3,600 crore during the quarter, marking its third-best quarter in terms of order bookings
Auto component maker Sona BLW Precision Forgings Ltd (Sona Comstar) expects its annual investments, currently at ₹500-600 crore, to rise as it scales up operations, with a focus on R&D, capacity expansion and new capabilities, its Managing Director and Group CEO Vivek Vikram Singh said.
In an interview to PTI, Singh shared that the company will continue investing across all its three business lines, adding that it had introduced three new products during the September quarter.
"Annual investment is currently around ₹500-600 crore. This should increase as we grow over the decade," he said.
Singh said investments would cover multiple areas, including R&D, capacity additions, capability additions and new processes, with the company focusing on developing entirely new products.