Craftsman Automation to Set Up New ₹250 Cr Manufacturing Facility
Craftsman Automation Ltd announced its Board of Directors has approved the establishment of a new manufacturing facility in Krishnagiri District, Tamil Nadu. The facility, designated as Hosur Unit - 3, will be set up at SF. No. 11 & 28, Komaranapalli Village. This expansion aims to cater to the incremental demand from automotive OEM customers in Southern India, with existing capacities nearing optimal utilization. The project is estimated to cost ₹100 Crores for Phase I and ₹150 Crores for Phase II, totaling ₹250 Crores. Financing will primarily be through term loans and internal accruals. The new unit is expected to be commissioned within 6-8 months, enhancing operational efficiency and logistics.
Key Highlights
- New manufacturing facility approved in Tamil Nadu.
- Total estimated investment of ₹250 Crores across two phases.
- Expansion to meet growing automotive OEM demand in South India.
- Facility expected to be commissioned within 6-8 months.
- Financing via term loans and internal accruals.
Price Impact
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