Business Update18 Apr 2024, 02:59 pm
Endurance Technologies to Add 8,300 Casting Parts Monthly with Rs. 631 Million Investment for Aluminium Die Casting and Machining
AI Summary
Endurance Technologies Ltd (ETL) has announced its plan to expand aluminium die casting and machining of automotive components at its Chakan facilities. The capacity addition is estimated to add 8,300 casting parts per month, which is around 15% of the existing capacity. The investment for this expansion is projected to be around Rs. 631 million, which will be financed through internal accruals. The machines are expected to be installed primarily for the production of machined clutch housings and transmission housings for 4-wheelers from October 2024 to June 2025.
Key Highlights
- Endurance Technologies to add 15% more capacity for aluminium die casting and machining of automotive components.
- New investment of Rs. 631 million for this capacity expansion.
- Expansion will mainly focus on production of machined clutch housings and transmission housings for 4-wheelers.
- Capacity addition is anticipated to be completed by June 2025.
- Internally financed expansion will add approximately 8,300 casting parts monthly to existing capacity.