AIA Engineering Ltd. Approves Brownfield Expansion Project Worth INR 65 Crores

AIA Engineering Ltd. announced the approval of a Brownfield expansion project at its GIDC Kerala, Anmedabad facility. The project, worth approximately INR 65 Crores, aims to support the metal lining business and open the field of rubber/composite liners. The proposed capacity addition is 20000 MT/Per Annum, and the expansion is expected to be completed by December 2024. The investment will be financed internally, and the project is expected to enhance the company's ability to improve value addition to its customers in terms of improved efficiency for grinding equipment and reduced down time through innovative design.