Craftsman Automation has received approval for setting up of a new plant/unit at Kothavadi, Coimbatore. The Board of Directors of the Company at their meeting held on October 30, 2023 has approved the same. Investment required for Phase 1 is Rs 102.5 crore, while for Phase 2 is Rs 106 crore (Estimated).
Craftsman Automation is a diversified engineering company engaged in: (a) Automotive - Powertrain and Others, (b) Automotive - Aluminium Products, and (c) Industrial and Engineering segments.