New Launch18 Mar 2025, 11:27 pm
Amic Forging Ltd Approves Land Purchase, Factory Setup, and Additional Investment for Ammunition Manufacturing
AI Summary
Amic Forging Ltd announced approvals from its Board of Directors in a meeting on 18/03/2025. The company will purchase 3.5 Bigha of land for X 2.5 crore to establish an Ammunition Manufacturing facility. Additionally, the construction of the manufacturing unit is approved at an estimated cost of X 60 crore, aiming for cartridge production. An investment of 325 crore has been approved for machinery and sheds in the forging industry. The expected production commencement date is June 1, 2025, with a projected increase in production capacity of 1,000 tons per month.
Key Highlights
- Purchase of 3.5 Bigha of land for X 2.5 crore for Ammunition Manufacturing facility
- Construction of Ammunition manufacturing unit at X 60 crore for cartridge production
- Additional investment of 325 crore for forging industry machinery and sheds
- Expected production commencement date of June 1, 2025
- Projected increase in production capacity of 1,000 tons per month