On July 27, 2023, the Board of Directors of Sona BLW Precision Forgings Limited in their meeting held on July 27, 2023, have approved expansion of existing capacity at Company's Chennai plant located at Keelakaranai Village, Malrosapuram Post Maraimalai Nagar Chengalpattu - 603 204 Tamilnadu. Further, the Board has approved investment of INR 997 million for capacity expansion of the Chennai plant from 400,000 to 600,000 EV traction motors, and a new capacity 500,000 units of PCB Assembly, by financial year 2025. Rationale: Capacity is being added for new customer orders in the normal course of business.