Aeroflex Industries has purchased a land parcel admeasuring 79,061 sq. feet adjoining to its present factory location for a total sum of Rs 5.11 crore. The additional land will help company to expand capacity.
The company plans to increase its installed capacity from 11 million meters p.a. to 13.5 million meters p.a. by modernisation and upgradation of machines and importing new machineries and equipments. The company also plans to add automated and robotic assembly line in a phased manner. This addition of capacity is expected to be completed before March 31, 2024, with an investment of around Rs 48 crore which will be funded through internal accruals.
Aeroflex Industries is engaged in manufacturing of stainless steel, flexible hose with braiding and without braiding and assemblies.
