Nitiraj Engineers Limited Gains Government Approval to Boost Operational Efficiency
Nitiraj Engineers Limited has received government approval to operate as a Government Approved Test Centre (GATC) at its Calibration Division. This development is expected to bring substantial operational and financial benefits to the company.The approval was granted by the Government of India's Ministry of Consumer Affairs, Food & Public Distribution, Department of Consumer Affairs, Legal Metrology Division, for the company's facility located at J25 & J26, M.I.D.C., Awadhan, Dhule, Maharashtra.
The GATC status permits the company to conduct verification of Non-Automatic Weighing Instruments of Accuracy Class III (up to 150 kg) manufactured by Nitiraj Engineers Limited. The facility has a permitted verification capacity of 2600 instruments per month, and the approval is valid until May 05, 2027.
Operational and Financial Impact
The company anticipates that the in-house government approved verification and calibration facility will provide significant savings and improvements. Nitiraj Engineers Limited estimates an annual saving of approximately Rs. 50 Lakhs by reducing external verification costs, logistics expenses, processing timelines, and overall operational inefficiencies.The approval is also projected to enhance several core business functions:
| Area of Improvement | Benefit |
|---|---|
| Turnaround Time | Improved product dispatch timing. |
| Efficiency | Enhanced overall operational efficiency. |
| Quality Control | Strengthening quality control systems. |
| Customer Service | Improvement in customer servicing capabilities. |
Nitiraj Engineers Limited stated that this approval is expected to positively contribute toward operational profitability and efficiency in the coming financial years.
NITIRAJ Stock Price Movement
Shares of Nitiraj Engineers Limited shed 0.25% today, closing at ₹201.48. The stock saw activity with a total traded volume of 639 shares in the post-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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