Hyderabad, Feb 14 (.) Standard Engineering Technology Limited (formerly Standard Glass Lining Technology) will set up a new manufacturing facility at Jinnaram, on the outskirts of Hyderabad, with a total investment of Rs 240 crore.
Speaking on the sidelines of the launch of the company’s new corporate identity here on Friday, Promoter and Managing Director Kandula Nageswara Rao said the company will invest Rs 120 crore in the first phase, with the facility expected to commence operations by mid-2027.
The new plant will manufacture heavy engineering equipment, strengthening the company’s advanced manufacturing capabilities, he said the announcement marks a key milestone in the company’s brand evolution following its recent name change.
Currently, the company operates seven facilities in Hyderabad and one manufacturing unit in Chennai, in addition to service centres across the country, he informed.
Against a planned investment of Rs 60 crore in existing facilities, about Rs 20 crore has already been deployed, he said.
Highlighting strong business momentum, Rao said the company expects revenues of Rs 760–800 crore in the current financial year, representing over 27 per cent growth compared to last year.
He added that the company is presently debt-free and is also planning to foray into IT buildings and data centre infrastructure.
Standard Engineering currently manufactures around 95 products, offering end-to-end solutions to pharmaceutical companies. The company is transitioning into a high-precision, integrated engineering platform spanning process, mechanical, civil, electrical and automation engineering, while retaining its core strength in glass-lined technology, he added.
. KNR .