Standard Engineering Technology Establishes Subsidiary Standard Projects Private Limited
Standard Engineering Technology Limited, formerly known as Standard Glass Lining Technology Limited, has incorporated a new subsidiary, Standard Projects Private Limited, effective May 12, 2026. The formation of the subsidiary marks a strategic move by the company into specialized engineering and construction services.Standard Projects Private Limited has been established as the subsidiary of Standard Engineering Technology Limited. According to records, the company was incorporated on May 12, 2026, and has an authorized share capital of Rs. 10,00,000/-. The subsidiary is located at D-12, Phase-I, IDA Jeedimetla, Hyderabad -500055, Telangana, and falls under the Construction industry sector.
The parent company, Standard Engineering Technology Limited, has secured a 75% shareholding in Standard Projects Private Limited. The transaction involved an initial capital subscription in cash.
Business Scope and Objectives
Standard Projects Private Limited's operations are focused on advanced engineering and project technology. The subsidiary's defined business scope includes:- High-precision and advanced engineering, and process engineering.
- Designing, engineering, and developing various industrial systems.
- Manufacturing, fabricating, assembling, and procuring components.
- Supplying, transporting, erecting, installing, and commissioning high-precision industrial systems.
Specifically, the company’s focus areas include precast buildings, process plant structures, precast concrete elements, prefabricated and modular structures, and pre-engineered building (PEB) systems.
The establishment of Standard Projects Private Limited is noted to be a newly incorporated company and does not constitute a related party transaction.
SETL Stock Price Movement
Standard Engineering Technology Limited shares today slipped by 2.95% to settle at ₹132.36. The stock traded on 113,007 shares today, closing below its opening price of ₹138.45.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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