Artson Engineering Ltd to expand fabrication capacity

Artson Engineering Ltd has taken a premise on leave and license for setting up a Unit for enhancing its fabrication / manufacturing capacity. The premise is located at Survey No 5, Hissa No. - 1a, 1b, 1c, Village Parli, Taluka - Sudhagad, Dist. Raigad, 410205, Maharashtra.

The existing average structure fabrication capacity is 1000 MT per month at Umred, Nagpur Unit and the capacity utilization is around 75% to 80%.

The Proposed capacity addition is average structure fabrication works @ 700 MT per month at an approx. outlay of Rs. 1.50 crores towards purchase / lease of P & M and facility.

Part investment will be through the advance payment to be received from the order which is to be executed from this additional facility and balance through available credit limits / non-fund limits.

The new 7-acre facility at Parli is less than 50 kms from the upcoming Navi Mumbai Airport and less than 70 kms away from the prolific JNPT port. Being close to Mumbai, gives the Company the flexibility to address demand from Western zone with a lower cost of transportation, with added advantage of seaport proximity.

The mid-term plan is to use this facility as a multimodal facility to support all SBUs (manufacturing, fabrication and shipbuilding subassemblies) while also providing the flexibility of space to pursue new business opportunities.

Shares of ARTSON ENGINEERING LTD. was last trading in BSE at Rs. 142.50 as compared to the previous close of Rs. 143.80. The total number of shares traded during the day was 22378 in over 389 trades.

The stock hit an intraday high of Rs. 145.00 and intraday low of 139.00. The net turnover during the day was Rs. 3187666.00.

Source : Equity Bulls

Keywords

ARTSONENGINEERING INE133D01023 CapacityExpansion Fabrication