Jamna Auto Industries Approves Rs 47 Crore Expansion for Leaf Spring Manufacturing Facility
Board of Directors of Jamna Auto Industries Limited has approved a significant expansion plan for its manufacturing capabilities. The company confirmed the establishment of a new Leaf Spring Manufacturing Facility at the existing plant operated by M/s Jai Suspensions Limited, a wholly owned subsidiary of the group.The move is part of a larger strategy to expand Group manufacturing capacity through a brownfield expansion initiative located in Adityapur, Jharkhand. This facility will be designed to cater primarily to Original Equipment Manufacturers (OEMs) and the aftermarket segment across East India, capitalizing on existing operational synergies and infrastructure.
The proposed new facility has a designated capacity of 1,500 MT per month. Commercial production at the site is anticipated to commence around December 2027. The project requires an estimated investment of Rs 47 crore, which is subject to potential increases or decreases by management as the project progresses.
The expansion plans and associated financial metrics are detailed below:
| Key Metric | Details |
|---|---|
| Proposed Capacity | Setting up a new Leaf Spring manufacturing facility with a capacity of 1,500 MT per month. |
| Commercial Production Start | December 2027 (around) |
| Required Investment | Rs 47 crore |
| Mode of Financing | Primarily through internal accruals |
The rational behind the expansion involves leveraging the existing infrastructure and operational capabilities to strengthen the manufacturing presence of the Group within the automotive components market in East India.
JAMNAAUTO Stock Price Movement
Day's trading saw shares of Jamna Auto Industries Limited close in the upside, settling at ₹144.70 after climbing by 0.27% today. The stock traded within a tight session range, which stretched between a low of ₹142.67 and a high of ₹148.90 as approximately 6.57 million shares were exchanged.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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