Caparo Group plans unit at Sriperumbudur
The U.K.-based Caparo Group, founded by Lord Swraj Paul, is setting up an automobile components manufacturing unit at Sriperumbudur, involving an investment of about Rs. 300 crore. Angad Paul, son of Lord Swraj and chief executive officer of the Caparo Group, met Chief Minister M. Karunanidhi here on Saturday and apprised him of the company’s plans for investment in the State. The project is intended to make stampings, aluminium die-castings and forgings and includes an R & D centre and a tool room. It will have an employment potential of 1,000.