Harsha Engineers Advantek Phase 2 ₹110 Crore Capex

Key Quantitative Figures

• Investment Amount: Approximately ₹110 crores.
• Existing Capacity: Approximately 38 million pieces for bushings, cages, and stamping products.
• Existing Capacity Utilization: Approximately 54% on an annualized basis.
• Proposed Capacity Addition: Approximately 12 million pieces for bushings, cages, and stamping products.

Parties Involved

• Disclosing Entity: Harsha Engineers International Limited (Scrip Code: 543600, Symbol: HARSHA, CIN: L29307GJ2010PLC063233).
• Investing Entity: M/s Harsha Engineers Advantek Limited (Harsha Advantek), a wholly-owned subsidiary of Harsha Engineers International Limited.
• Plant Location: Survey No: 376 TO 379, TA: Bavla, Bhayla, Ahmedabad, Gujarat, 382220.

Purpose and Rationale

The capital investment is a Phase 2 strategic expansion. The funds will be deployed mainly to set up a new building and manufacturing lines for bushing and stamping products. The stated rationale is to drive revenue growth and capitalize on market opportunities.

Mode of Financing

The investment will be financed through a combination of capital contribution and term loan financing.

Financial and Operational Impact

The disclosure confirms the financial outlay of ₹110 crores and quantifies the operational impact as an increase in production capacity by 12 million pieces.