Macpower CNC Machines Acquires 13 Acres of Land for Strategic Capacity Expansion in Gujarat
Macpower CNC Machines Limited has secured legally registered leasehold rights over approximately 13 acres near Metoda GIDC, Rajkot, Gujarat. This land acquisition is central to the company’s strategic growth and capacity expansion plans.The company acquired the land on a 30-year lease basis at a nominal rate. The prime location will be utilized for debottlenecking existing manufacturing processes and component production. Furthermore, the facility provides room for future expansion of manufacturing operations and business capabilities.
Investment and Growth Strategy
Macpower CNC Machines Limited has committed an investment of approximately ₹50 Crore toward building infrastructure, plant and machinery, utilities, and associated facilities on the leased property. The required funding will be sourced through internal accruals and/or debt financing.The project timeline targets completion within 12 months. To support this initiative, Macpower has engaged Taknik Consultants, an industrial consulting firm based in Ahmedabad.
The company's move is supported by several benefits under the Viksit Gujarat Industrial Policy 2026:
| Benefit | Detail |
|---|---|
| Capital Subsidy | Up to 25% on Plant & Machinery and Building. |
| Interest Subsidy | 7% on applicable loan interest rates. |
These initiatives are designed to support sustainable growth, improve operational efficiencies, and create long-term value for all stakeholders of Macpower CNC Machines Limited.
MACPOWER Stock Price Movement
Macpower CNC Machines Limited stock is rallying in live trading, edging higher to ₹1348.6 as of 3:08 PM after climbing 3.56% today. The shares have seen strong activity, with a traded volume count reaching 33,826.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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