SFL plans to raise exports to 50% of turnover
The Hindu
Will focus on EV components: Krishna
Sundram Fasteners Ltd. (SFL) is planning to increase exports to 50% of the total turnover by focussing on electricvehicle (EV) components, said chairman Suresh Krishna. “The newly commissioned unit in SEZ Sri City is totally committed to exports,” Mr. Krishna told shareholders. “We are also getting substantial orders from major customers outside of India for EV components,” he added. During FY21, SFL exported products worth ₹1,010 crore that accounted for 34% of the total turnover. In Q1 of FY22, exports grew by 39% to ₹356 crore.
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