Business Update2 May 2024, 05:00 pm
SM Auto Stamping Ltd to Add 3000 Daily Strokes with a Rs 76.41M Investment in New Machinery
AI Summary
SM Auto Stamping Ltd, a leading manufacturer of sheet metal press, has announced the purchase of an 800-ton press machine worth Rs 68.44M, including GST and labor charges, to increase production capacity. The new machine, expected to be installed within 90 days, will add approximately 3000 daily strokes and is designed to produce clutch, diaphragm, and sheet metals. The total investment in this capacity addition is Rs 76.41M.
Key Highlights
- SM Auto Stamping Ltd is purchasing a new 800-ton press machine for Rs 68.44M
- The machine will add 3000 daily strokes to SM Auto Stamping Ltd's production capacity
- The machine is scheduled for installation within the next 90 days
- Production of clutch, diaphragm, and sheet metals will be increased
- The total investment in this capacity expansion is Rs 76.41M