Expansion31 Jul 2026, 12:17 pm
Alicon Castalloy Sets Up New ₹1,255 Million Plant for Die Casting
AI Summary
Alicon Castalloy Ltd announced its Board of Directors has approved the establishment of a new manufacturing facility near its existing Shikrapur plant in Pune, Maharashtra. The new plant will focus on Gravity Die Castings (GDC), Low Pressure Die Casting (LPDC), and Machining, with a significant capital outlay of ₹1,255 million. The company has secured a 130,000 sq. feet industrial premise on a 10-year lease. Funding for the project will come from bank borrowings and internal accruals. This expansion is aimed at enhancing manufacturing capacity and supporting future growth.
Key Highlights
- New manufacturing plant for GDC, LPDC, and Machining approved.
- Capital outlay for the new facility is ₹1,255 million.
- Premises acquired on 10-year lease near existing Shikrapur plant.
- Expansion aims to boost manufacturing capacity and support growth.
- Project to be financed via debt and internal accruals.
Price Impact
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