Investment10 Aug 2026, 10:09 am
Centum Electronics Plans ₹500 Cr Karnataka Investment
AI Summary
Centum Electronics Ltd has confirmed media reports regarding its proposed manufacturing facility in Karnataka. The company plans to invest ₹500 crore over four years, aiming to create approximately 1,500 jobs. This disclosure follows a meeting between Joint Managing Director Mr. Nikhil Mallavarapu and Shri M. B. Patil, the Hon'ble Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka, where discussions focused on the new facility and related matters. The company is submitting this information as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Centum Electronics to invest ₹500 crore in Karnataka.
- Investment to span over four years.
- Project expected to create 1,500 jobs.
- Discussions held with Karnataka Minister for Industries.
- Confirms media reports on proposed manufacturing facility.
Price Impact
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