The new plant will create over 500 job opportunities, playing a vital role in the economic development of the region.
30 May 2024 | 4325 Views | By Autocar Professional Bureau
Pinnacle Industries Limited has announced the establishment of an additional state-of-the-art facility in Pithampur, Madhya Pradesh. The new plant, with a planned investment of over Rs 100 crores, is expected to be operational by Q4 FY25. This facility will primarily focus on the production of advanced ambulances and railway seating ...
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Pinnacle Industries Limited has announced the establishment of an additional state-of-the-art facility in Pithampur, Madhya Pradesh. The new plant, with a planned investment of over Rs 100 crores, is expected to be operational by Q4 FY25. This facility will primarily focus on the production of advanced ambulances and railway seating systems, marking a significant expansion in Pinnacle Industries' manufacturing capabilities and commitment to enhancing India's transportation infrastructure. Additionally, the facility will support the company’s growing export business.
The new Pithampur plant is designed to be one of India's most sustainable and environmentally friendly manufacturing units. Pinnacle Industries has integrated cutting-edge green technologies and practices to ensure minimal environmental impact. The facility will utilise renewable energy sources, incorporate water recycling systems, and adhere to the highest standards of waste management and emissions control. An R&D center dedicated to continuous product development and improvement will also be housed within the facility, aiming to meet the evolving needs of the market.
"We are excited to begin this new chapter in Pithampur, Madhya Pradesh," said Arihant Mehta, President of Pinnacle Industries Limited. "This plant will not just be a step forward for our company, but also a significant contribution to the local economy and the environment. We are proud to lead by example in sustainable manufacturing and workforce diversity."
The new plant will create over 500 job opportunities, playing a vital role in the economic development of the region. Under its ‘EvolutioNARI’ initiative, the facility will employ more than 30% women, reinforcing the company’s commitment to gender diversity and the inclusion of women in the workplace, thereby strengthening the economic empowerment of women. The company's expansion into Pithampur represents its continuous effort to enhance production capabilities while prioritizing environmental stewardship and community engagement.
Commenting on the new facility, Dr. Sudhir Mehta, Chairman of Pinnacle Industries Limited, said, "We are excited to announce the upcoming new manufacturing facility in Pithampur, which will play a crucial role in our expansion strategy. We have been present in Madhya Pradesh for 27 years and this will be our 4th plant in Pithampur. This facility will not only help us meet the increasing demand for high-quality ambulances and railway seating systems but also reinforce our position as a leader in the industry. We are committed to driving innovation, enhancing customer satisfaction, and contributing to the local economy through job creation and development."