Date: 6th August, 2026
Board Meeting Outcomes
- The Company has purchased new land adjacent to the existing Shirwal plant at Satara, Maharashtra
- Constructed a new shed in this new land at Shirwal plant
- Expansion is for future business visibility in Project business in Energy (Conventional and Nuclear) and Oil and Gas
- The new shed will be used for manufacturing of Project pumps along with other activities like Piping, Painting and Packing
Capacity Expansion Details
- Existing capacity at Shirwal plant: Around 1200 pumps per year
- Existing capacity utilization: 90%
- Proposed capacity addition: 20% increase
- Implementation timeline: Expected up to 2027
- Investment required: ₹400 million (tentative)
- Mode of financing: Only internal accruals
- Rationale: To cater to the future growth