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Automotive component maker Minda Corp has announced an ambitious plan to ramp up revenue and margins along with a Rs 2,000 crore capex target, sending the shares higher by nearly 9 percent on September 24.

Minda said in the investor presentation that it will aim for 3.5x growth in revenue at over Rs 17,500 crore by FY30 with an EBITDA margin of over 12.5 percent. The company has lined up a planned capex of approximately Rs 2,000 crore over the next five years. The auto OEM maker will also look to reduce its debt to equity to 0.3x. From the present export revenue of Rs 420 crore in FY25, which is 8 percent of the total pie, Minda said it will aim to grow at a CAGR of 37 pe

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