Jamna Auto to set up leaf spring plant at subsidiary, invest Rs 47 crore
JAMNAAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Jamna Auto's board approved setting up a leaf spring manufacturing facility under its wholly owned subsidiary Jai Suspensions Limited at Adityapur, Jharkhand. The brownfield expansion will add 1,500 MT per month capacity, requiring about Rs 47 crore investment funded mainly through internal accruals. Commercial production is expected by about December 2027. The move aims to expand group capabilities and serve OEMs and aftermarket in East India.
Mildly positive — brownfield expansion adds capacity, funded internally minimizing debt, but returns are about 1.5 years away.