Umiya Buildcon Ltd allotted land by Government of Karnataka for Advanced Manufacturing Initiative

The Government of Karnataka, vide Office Order No. I&C/ID/SLSWCC-155/DD-5/2025-26 dated September 22, 2025, has approved the investment proposal of M/s Umiya Buildcon Limited and extended support through the allotment of 1 acre of land by KIADB in Adinarayana Hosahalli 2nd Phase Industrial Area, Bangalore Rural District a well-developed industrial hub with established infrastructure and facilities. Benefits include assured water and power supply, along with eligible incentives and concessions under the prevailing industrial policy. The location is also in close proximity to the established Foxconn iPhone manufacturing facility, the company's second-largest iPhone production plant after China.

The proposed project, with a significant estimated capital outlay of over INR 26 Crores, is dedicated to establishing an advanced manufacturing facility for "Data Communication and Networking Products." This facility is poised to manufacture Network & telecom gear with next-generation technologies and support the Government of India's "Make in India" vision by enabling domestic manufacturing and R&D capabilities in a highgrowth sector.

This strategic initiative is expected to generate direct and indirect employment opportunities for over 150 individuals, foster local skill enhancement, and advance cutting-edge research in communications technology. Our commitment to developing indigenous products and solutions aims to position the Company as a frontrunner in innovative, sustainable, and high-value manufacturing on both a national and global scale.

The Company's focus areas for the new unit include:

1. Deployment of state-of-the-art, automated manufacturing lines
2. Investment in a dedicated in-house Research & Development centre
3. Adoption of environmentally responsible and resource-efficient operations
4. Development and commercialization of proprietary, globally competitive products
5. Center of Excellence (CoE) for precision Manufacturing and Product Development

This initiative reaffirms our commitment towards employment generation, technological innovation, and our contribution to both the state's industrial ecosystem and India's self-reliance in critical technology segments. The Company will continue to provide timely updates on key project milestones and financial commitments in compliance with applicable regulations.

Shares of Umiya Buildcon Limited was last trading in BSE at Rs. 85.99 as compared to the previous close of Rs. 85.01. The total number of shares traded during the day was 5858 in over 120 trades.

The stock hit an intraday high of Rs. 89.50 and intraday low of 85.53. The net turnover during the day was Rs. 509053.00.

Source : Equity Bulls

Keywords

UmiyaBuildcon INE398B01018 TelecomEquipment Realty LandAllotment KIADB