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India

Craftsman Automation, India updates about Sriperumbudur plant and aluminum business consolidation

On May 8, 2026, in an investor update, Craftsman Automation disclosed that the DR Axion greenfield plant at Sriperumbudur, Tamil Nadu, is under construction and is targeted for commissioning by December 2026, with land acquisition alone costing approximately 50 acres at ~INR 1.5 billion. The site will serve as both D....

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