Harsha Engineers Advantek (Harsha Advantek), wholly owned subsidiary of Harsha Engineers International, has purchased/agreed to purchase industrial use non-agricultural land admeasuring about 1,00,161 sq. mtrs near Bavla, Ahmedabad, Gujarat.
Being a green field project, Harsha Advantek will make manufacturing lines of business in different phases. In phase 1, the Harsha Advantek, is planning to set up manufacturing lines for bushing, large size steel bearing cages and stamping components related products. It's anticipated that phase 1 of plant will have capex of around Rs. 120 Crores and to be funded partly through capital infusion by holding company and partly through debt. While plant commissioning will be done by Q3 of FY 2024-
25.