Standard Engineering to Invest Rs 240 Crore in New Manufacturing Facility in Jinnaram, India
Standard Engineering Technology Limited will establish a new plant in Jinnaram, near Hyderabad, with an investment of Rs 240 crore. The first phase will involve Rs 120 crore, with operations expected to start by mid-2027. The facility will focus on manufacturing heavy engineering equipment and supports the company's growth strategy. The company aims for revenues of Rs 760-800 crore this financial year, marking a 27% increase from the previous year.
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Standard Engineering Technology Limited will invest Rs 240 crore to set up a manufacturing facility in Jinnaram, near Hyderabad, with the first phase requiring Rs 120 crore. Operations are expected to commence by mid-2027.
This facility will enhance the company's capabilities in manufacturing heavy engineering equipment. Standard Engineering is targeting revenues of Rs 760-800 crore for the current financial year, reflecting over 27% growth from last year. The company currently operates seven facilities in Hyderabad and one in Chennai and plans to expand into IT buildings and data center infrastructure while maintaining its focus on glass-lined technology.
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