Amber Enterprises Secures YEIDA Land Near Jewar Airport
In addition, Ascent-K Circuit Private Ltd, a subsidiary of IL JIN Electronics (India) Private Ltd and a material subsidiary of Amber Enterprises India Ltd, has received a separate allotment of 16 acres in Sector 10 of the Yamuna Expressway Industrial Development Authority area to establish another manufacturing unit near the airport.
The combined investment proposed for the two facilities stands at Rs 67.85 billion and will be implemented in phases under the applicable investment scheme. Over time, the projects are expected to generate direct employment for more than 3,000 people.
In its exchange filing, the company said the new manufacturing units will significantly expand the group’s production capabilities, enhance localisation of critical components in line with the Atmanirbhar Bharat initiative, and further strengthen domestic manufacturing capacity.
Shares of Amber Enterprises India Ltd ended lower on Monday, January 19, declining 1.14 per cent to close at Rs 6,075 on the National Stock Exchange of India.