Ingersoll-Rand India board approves new Gujarat manufacturing plant

Ingersoll-Rand (India) Limited's board approved on December 22, 2022 a new manufacturing plant in Gujarat, India, with an investment of about INR 170 crore. The plant will add 5,000 units per month initially by September 2024 and make air compressors, air treatment devices and hydrogen compressors.

“Investment required is About INR 170 crores (plus contingency of up to a maximum of 7%).”marketscreener.com

• 1 source
• marketscreener.comIngersoll-Rand Limited Approves Setting Up New Manufacturing Plant to Be Situated in Gujarat State, IndiaDec 22, 2022

Summarized from public sources; check the original articles before acting on it.