Sundram Fasteners to Boost Wind Energy, Auto-Part Investment, Times Says

Sundram Fasteners Ltd. (SF), an Indian maker of nuts, bolts and fasteners, will increase capital spending by a third to 2 billion rupees ($44.3 million) in 2011-2012 from this year to develop products for the wind energy and automotive industries, the Economic Times reported, citing Chairman Suresh Krishna.

To contact the reporter on this story: Malavika Sharma in New Delhi at msharma52@bloomberg.net

To contact the editor responsible for this story: Margo Towie at mtowie@bloomberg.net

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