Alicon Castalloy Ltd Announces New Manufacturing Facility for GDC and LPDC Expansion
Alicon Castalloy Ltd has announced plans to set up a new manufacturing facility, committing a capital outlay of Rs.1,255 million. The expansion project aims to enhance the company's manufacturing capacity and support overall business growth across specialized processes.The Board of Directors determined that the new plant will focus on Gravity Die Castings (GDC), Low Pressure Die casting (LPDC), and Machining operations.
To facilitate this strategic move, Alicon Castalloy Ltd has acquired industrial premises located near its existing facilities in Shikrapur, District Pune, Maharashtra. The company secured a 10-year lease for the ready built property from M/s. Vijay Logistics Ltd. The leased premises measure 1,30,000 square feet.
The entire project's cost will be financed through a combination of borrowing from banks and financial institutions, alongside internal accruals.
Key details regarding the new plant and its financing are summarized below:
| Feature | Detail |
|---|---|
| Business Area | GDC (Gravity Die Castings), LPDC, and Machining |
| Capital Outlay | Rs.1,255 million |
| Lease Term | 10 years |
| Premise Size | 1,30,000 sq. feet |
| Location | Near existing facilities in Shikrapur, Pune, Maharashtra |
| Financing Plan | Debt from banks/financial institutions and internal accruals |
ALICON Stock Price Movement
As of 12:23 PM, Alicon Castalloy Limited shares are shedding 0.37% in live trading, currently at ₹678 as investors monitor the equity. The stock saw activity through a volume of 3,358 shares during this market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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