look news india
What will the company do with the money? The funds will be used to set up a new facility at SIPCOT, Sriperumbudur, Valam-Vadagal, Tamil Nadu for manufacturing fasteners and hex bolts, purchase of equipment, plant and machinery at Vada, Palghar, Maharashtra, repayment of loans and general corporate purposes.
About the Company
Gala Precision Engineering was started in the year 2009. The company manufactures precision products such as disc and strip springs (DSS), coil and spiral springs (CSS) and special fastening solutions (SFS). According to information released on the company's website, it is used in automotive and railway as well as electrical, off-highway equipment, infrastructure and general engineering. The company supplies technical springs and high tensile fasteners to many countries including Germany, Denmark, China, Italy, Brazil, USA, Sweden and Switzerland.