Elin Electronics Ltd performs Bhoomi Pujan of its manufacturing facility at Bhiwadi

Elin Electronics Limited is pleased to announce the bhoomi-pujan of its manufacturing facility located in the ELCINA manufacturing cluster at Bhiwadi in the state of Rajasthan on April 11, 2025.

The site, spanning 4 acres, with a total built up area potential of ~220,000 sq ft will be built across 2 phases. Construction of Phase 1 will start immediately and is estimated to be completed by March 2026. Phase 2 will commence thereafter and dates will be communicated in due course.

The estimated outlay (for both phases) towards the facility (inclusive of plant and machinery) is expected to be in the range of INR 90-100 crores. The construction will be funded via cash on balance sheet and internal accruals.

The Company proposes to manufacture a range of medium and large appliances such as air coolers, kitchen chimneys, air fryers and OTGs. Other products such as microwave ovens are also being considered and date to commence the manufacturing operations will be informed once a decision is made in due course.

Shares of Elin Electronics Limited was last trading in BSE at Rs. 136.45 as compared to the previous close of Rs. 135.25. The total number of shares traded during the day was 15354 in over 364 trades.

The stock hit an intraday high of Rs. 139.55 and intraday low of 134.55. The net turnover during the day was Rs. 2117191.00.

Source : Equity Bulls

Keywords

ElinElectronics INE050401020 HouseholdAppliances BhoomiPujan ManufacturingFacility Bhiwadi