Big Moves! SETL Invests ₹70 Cr in Japan’s GL HAKKO

Standard Engineering Technology Limited (SETL) is expanding its global footprint! SETL has committed Rs 70 crore for a 19.19% stake in Japan’s GL HAKKO, with a roadmap to increase ownership to 51.07% over three years.

This partnership brings high-tech Japanese engineering home—boosting manufacturing for glass-lined heat exchangers, clean-room facilities, and semiconductor-grade equipment. With eyes on a Rs 2,000 crore domestic market, SETL is on track to become India's leading glass-lined equipment manufacturer by FY27. 

News by Rahul Yelligetti.