Titan Company has commenced production of stainless steel cases at a new facility in Coimbatore. Set up at a cost of over Rs 750 million, the new plant will manufacture around one million cases per annum and scale it up to two million cases per annum eventually.

The commissioning of this case plant stands testimony to Titan's strong belief and commitment to watch manufacturing.
 
Bhaskar Bhat, managing director, Titan Company said, "Since its inception, Titan Company has always been at the forefront of transforming the industry with our products, practices, processes and people. We are the sixth largest manufacturer of watches globally with a manufacturing unit in Hosur and three assembly units in North India." 

Shares of the company gained Rs 6.7, or 1.63%, to trade at Rs 418.80. The total volume of shares traded was 61,570 at the BSE (1.47 p.m., Tuesday).