Ajax Engineering has recently earmarked Rs.100 crore for the allotment of 20 acres of land in Bangalore from Karnataka Industrial Areas Development Board (KIADB), as well as, for building a new manufacturing facility. This investment was done to expand its robust business operations to meet the demands of the construction industry in the future. The new factory will be equipped with the state-of-the-art facilities to design and manufacture the recently introduced products, such as concrete Slip-Form Pavers, Boom Pumps and the Self-Propelled Boom Pumps. The annual production capacity for Boom Pumps and concrete Slip-Form Pavers would be 100+ units and 50+ units respectively.
A further investment of Rs. 40 crore is being done at Gowribidanur plant to expand its existing facility that produces batching plants and transit mixers. Speaking about the investment & expansion plans, Jagadish Bhat, MD & CEO, Ajax Engineering, “With our indigenously manufactured product portfolio and engineering expertise, we have been catering to the Indian as well as the global market requirements. We are positive that this investment will further strengthen the ‘Atmanirbhar Bharat’ initiative and create employment opportunities for talented youth of the country.”
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