Chetna Engineering Company's ambitious Copper Strip Lugs Unit Project in Ambad, Maharashtra, signals the company's strategic expansion into the realm of electrical components manufacturing. With a notable investment of ₹18 crores, this endeavor represents a substantial commitment to tapping into new markets and industries.
Situated in Ambad, Nashik district, Maharashtra, the project benefits from its strategic location in a region witnessing rapid industrial growth. As the demand for electrical components continues to rise, the unit is well-positioned to cater to the burgeoning needs of the local market.
Copper strip lugs, the primary product of the new unit, play a critical role in various electrical applications, from power distribution to industrial machinery. By manufacturing these essential components domestically, Chetna Engineering Company aims to contribute to import reduction and promote self-reliance in the electrical sector.
Moreover, the establishment of the Copper Strip Lugs Unit is expected to create employment opportunities in manufacturing and related sectors, thereby bolstering the local economy and fostering socio-economic development in the region.
As Chetna Engineering Company forays into this new venture, stakeholders are keenly observing its progress and anticipating its potential impact on the electrical components market in Maharashtra and beyond.
News by Rahul Yelligetti