Markets◆ Mixed
JM Frictech invests ₹50 crore in fourth manufacturing plant in Chandigarh
· BS Companies
The Chandigarh facility is being commissioned in phases, starting with warehousing and logistics, and is expected to become fully operational over the next six to eight months.
The analysis
This is a Capacity / capex event. Capacity added into a soft cycle compresses returns for the whole sector; added into a tight one it is the cheapest growth available. The cycle position matters more than the announcement.