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Escorts Kubota to invest around Rs 4,500 crore to set up greenfield manufacturing facility in Uttar Pradesh

19 Aug 2024 Evaluate

Escorts Kubota is planning to invest around Rs 4,500 crore plus for setting up an integrated greenfield manufacturing facility in Uttar Pradesh for expanding its existing capacities to meet its future growth requirements.

The company continues to explore various options for Industrial Land for setting up Green Field facility and in this connection, investment intent has been submitted to Government of Uttar Pradesh (GUP) for acquisition of land, subject to requisite approvals, support from various government authorities and clearances. The project will be implemented in phases starting from year 2028. 

Escorts Kubota is one of India's leading engineering conglomerates with over six decades of experience. It has helped accelerate India’s socio-economic development through its presence across the high growth sectors of Agri-machinery, construction & material handling equipment and railway equipment.

Peers
Company Name CMP
Escorts Kubota 2856.45
VST Tillers Tractors 4466.15
Indo Farm Equipments 138.25
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