Jyoti CNC Automation gets Meity approval for ₹1,020.65 Cr expansion
Jyoti CNC Automation Ltd has received approval from the Ministry of Electronics and Information Technology (Meity) for a capital investment proposal of ₹1,020.65 Crores over the next five years. This investment will be utilized for expanding the installed capacity and establishing a backward integrated manufacturing facility for electronic components used in CNC machines at its existing Rajkot facility. Under the Electronic Components Manufacturing Scheme, the company is eligible for a capital expenditure incentive of up to 25% on its investments, subject to scheme stipulations and the approval letter issued by Meity on August 17, 2026. The approval letter will be presented to the board for consideration.
Key Highlights
- Company proposes ₹1,020.65 Cr investment over five years.
- Investment targets capacity expansion and backward integration.
- Eligible for up to 25% capex incentive under Meity scheme.
- Approval received from Ministry of Electronics and Information Technology.
- Expansion to enhance manufacturing of electronic components for CNC machines.
Price Impact
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