Craftsman Automation to Invest ₹280 Crore in New Chennai Plant via Subsidiary DR Axion India

Craftsman Automation Ltd, a leading engineering and manufacturing solutions provider, is set to expand its production footprint with a new plant in Chennai. The company’s subsidiary, DR Axion India Private Limited, approved the project on October 29, 2025, with an estimated investment of ₹280 crore. The facility will focus on aluminium product manufacturing, targeting increased demand from automotive and industrial clients.

The expansion will boost existing capacity by 15% and is expected to be completed within 12 to 24 months. The project will be financed through a mix of 90% term loan and 10% internal accruals. This strategic move aligns with Craftsman Automation’s long-term growth plans and commitment to enhancing its manufacturing capabilities across India.

Key highlights and major takeaways

Investment: ₹280 crore for new plant  
Location: Chennai Metropolitan Area, Tamil Nadu  
Subsidiary: DR Axion India Private Limited  
Capacity expansion: 15% increase  
Timeline: Completion expected in 12–24 months  
Funding: 90% term loan, 10% internal accruals  

Sources: Business Upturn, ScanX News, StockInsights.ai