Craftsman Automation Announces ₹600 Million Investment in New Plant

Craftsman Automation Ltd has announced that its Board has approved the establishment of a new plant, marking a significant milestone in the company’s expansion strategy. The investment, pegged at ₹600 million, reflects the company’s focus on scaling operations and meeting rising demand in the automotive and industrial engineering markets.

Key Highlights

• Board Approval: The company’s Board has formally sanctioned the setup of a new manufacturing facility.
• Investment Size: The plant will require an estimated investment of ₹600 million, reinforcing long-term growth plans.
• Strategic Expansion: The new facility is expected to enhance production capacity and support diversification across product lines.
• Sector Focus: Craftsman Automation continues to strengthen its footprint in automotive components and precision engineering solutions.
• Growth Outlook: The investment signals confidence in sustained demand and positions the company to capture emerging opportunities.

This development highlights Craftsman Automation’s proactive approach to capacity building and market leadership. The new plant is expected to contribute significantly to the company’s operational efficiency and future revenue streams.

Sources: Reuters, Business Standard