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Apollo Tyres up 2% on commencing production at Hungarian plant

Apollo Tyres up 2% on commencing production at Hungarian plant

Monday, April 10, 2017, 10:40 AM

Share price of Apollo Tyres advanced 2.2% intraday Monday as it has commenced the commercial production at manufacturing facility in Hungary. The company has inaugurated its sixth global tyre manufacturing unit and the second one in Europe. This is company's first greenfield facility outside India. The said facility is built over 72 hectares and the company is investing euro 475 million.
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