Craftsman Automation Limited announced at the board meeting held on May 9, 2022 that the company approved for setting up of additional/new plants at Pune, Faridabad and Sriperumbudur. Sriperumbudur Plant has Existing capacity: 1.095 million Nos for Automotive - Powertrain segment, Existing capacity utilization: 88%, Proposed capacity addition: 10% capacity addition, Period within which the proposed capacity is to be added: 24 to 36 months, Investment required: 500 million (over 3 years), Mode of financing: 90% through loan and balance 10% through internal accruals; Pune Plant has Existing capacity: 1.16 million Nos for Automotive - Powertrain segment, Existing capacity utilization: 80%, Proposed capacity addition: 2% capacity addition, Period within which the proposed capacity is to be added: 18 months, Investment required: 50 million, Mode of financing: Internal accruals; Faridabad Plant has Existing capacity: 0.336 million Nos for Automotive - Powertrain segment, Existing capacity utilization: 85%, Proposed capacity addition: 1.5% capacity addition, Period within which the proposed capacity is to be added: 18 months, Investment required: 100 million, Mode of financing: Internal accruals. Rationale: New businesses awarded.