Craftsman Automation Powers Up Green Future with Viksha Solar Investment

Craftsman Automation Ltd, a key player in precision engineering, announced an investment in Viksha Green Energy for advancing solar power solutions. The move supports Craftsman's diversification into renewables, complementing its auto and EV ancillary strengths.

Investment Highlights

Targets solar module production and green energy infrastructure, tapping India's 500 GW renewable goal by 2030.

Bolsters Craftsman's sustainability credentials, aiding ESG compliance for global clients like Ford and Cummins.

Expected to yield synergies in component fabrication for solar trackers and energy storage systems.

This infusion positions Craftsman for growth in the booming ₹2 lakh crore solar sector, with shares gaining traction on green transition bets.

Sources: BSE India, Moneycontrol