KP Green Engineering Limited has provided an update to the exchange about the successful completion of Phase 1 of the construction at the Matar factory. The Disclosure is attached herewith.
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KP Green Engineering has successfully completed Phase 1 of construction at its new manufacturing unit in Matar, Bharuch. Trial and commercial production of Pre-Engineering Building (PEB) products has commenced, marking a key milestone. Machinery installation for Heavy Fabrication and Transmission Lines is also complete, with trial production scheduled for April 2025. This follows the company's earlier communication dated May 27, 2024, and represents steady progress toward full operationalization of the plant.
This is a positive development for shareholders as it expands the company's production capacity and brings a new revenue stream online, potentially supporting future growth in earnings.