Craftsman Automation Limited has informed the Exchange regarding 'commencement of commercial operation of new plant located at Faridabad Unit 3 and shifting/relocation of business operations from Faridabad Unit 1 to Faridabad Units 2 & 3'.
CRAFTSMAN · price
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On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and 0.1 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Craftsman Automation has started commercial operations at its new Faridabad Unit-3 plant, effective 11th August 2025. The company is also shifting its business operations from the older Faridabad Unit-1 to the existing Unit-2 and the new Unit-3. The management says the move is aimed at improving operational efficiency and lowering overhead costs. The company has been working on this expansion since at least May 2022, based on its earlier intimation referenced in the filing. No financial details of the new plant's capacity or investment cost have been disclosed in this announcement.
Positive in the medium term — a new plant typically adds capacity and the consolidation from 3 units to 2 should help cut costs and improve margins. However, the absence of capacity and capex details means investors may want clarity on how much revenue the new unit can generate.