Nitiraj building new plant at Rs 15 crore

Nitiraj Engineers, which is into the manufacturing of electronic and mechanical weighing machines, has commenced constructing a new plant with an investment of Rs 15 crore.

The company has performed the ground breaking ceremony at an eight-acre site at Awdhan near Dhule in Maharashtra.

To be completed in one year, the plant will produce a slew of products including weighing scales, cash counting machines and digital meters.

According to Rajesh Bhatwal, CEO, Nitiraj Engineers, the company’s production capacity of weighing scales will go up by 250,000 units from the existing 100,000, and push up revenues by 50 crore over two years.

Image Credit : thehindubusinessline.com

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