Sundram Fasteners Ltd announced that it proposes to set up a facility for the manufacture of high tensile fasteners, powder metal parts, and water and oil pumps at Integrated Industrial Estate Pantnagar Udham Singh Nagar District in the State of Uttaranchal. The project is expected to be operational before March 31, 2007.

The Company has been allotted land by State Industrial Development Corporation of Uttaranchal Ltd on long term lease for setting up of the project. Details of the Projects, cost, financing pattern, etc are being worked-out.

The Company has also acquired land on long-term lease in the Special Economic Zone (SEZ) at Mahindra Industrial Park near Chennai for setting up export oriented manufacturing facilities.