Piramal Alternatives Invests ₹125 Crore in JRG Automotive, Boosting Expansion Plans.

Piramal Alternatives recently announced an investment of ₹125 crore in JRG Automotive Industries to support the auto component manufacturer's expansion plans as it looks to scale up production capacity and diversify its product portfolio.

The investment has been made through Piramal Alternatives' India Credit Opportunities Fund II (PCF II). According to the company, the funds will be deployed towards expanding manufacturing capacity and supporting strategic growth initiatives, including broadening JRG Automotive's product offerings.

Commenting on the investment, Pawan Goyal, Managing Director of JRG Automotive Industries India Pvt Ltd, said the funding would help accelerate the company's growth through both organic expansion and strategic acquisitions.

"This funding will accelerate our growth, both organically and through strategic acquisitions, as we build a world-class auto components supply chain to meet rising global demand and better serve our OEM partners," Goyal said.