Craftsman Automation has announced the Board’s approval for setting up a new plant/unit/factory in Ludhiana, Punjab. The decision, made on January 28, 2026, aims to enhance operational convenience and ensure timely delivery of services to customers in the Ludhiana region. The capital outlay required is minimal and will be used for operational requirements. This expansion does not entail any material capital expenditure by the company.
Strategic Expansion in Ludhiana
Craftsman Automation’s Board of Directors approved the proposal to establish a new plant/unit/factory in Ludhiana, Punjab, on Wednesday, January 28, 2026. This strategic move is designed to improve operational efficiency and ensure better service delivery.
Rationale and Investment
The primary goal of setting up the Ludhiana facility is to enhance operational convenience and provide timely and efficient services to customers in that region. The capital expenditure for this project is considered minimal, focusing solely on fulfilling the necessary operational requirements. The company expects to add 5% of Powertrain capacity at peak level within 9-12 months and requires an estimated investment of Rs. 60 Crores, financed by 90% through Term loans and the balance through Internal accruals.
Operational Details
The new plant does not entail significant capital expenditure. The existing capacity utilization is approximately 75% and the facility will primarily focus on Powertrain. The new plant aims to streamline operations and better cater to regional demands.
Source: BSE
