Nitiraj Engineers Limited has informed the Exchange regarding 'Update regarding Government Approval resulting in significant operational savings.'.
NITIRAJ · price
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Nitiraj Engineers Limited has received approval from the Government of India's Ministry of Consumer Affairs, Food & Public Distribution to operate as a Government Approved Test Centre at its Calibration Division in Dhule, Maharashtra. The approval allows the company to verify Non-Automatic Weighing Instruments of Accuracy Class III (up to 150 kg) with a monthly capacity of 2,600 instruments, valid until May 2027. The company expects this in-house verification capability to generate annual savings of approximately Rs. 50 Lakhs by eliminating external verification costs, reducing logistics expenses, and improving processing timelines. Additional benefits include improved turnaround time, enhanced quality control, and better customer service capabilities.
This approval is positive for shareholders as it reduces operational costs by ~Rs. 50 lakh annually and improves profitability and efficiency without requiring additional capital expenditure. The in-house capability gives the company more control over its production cycle.