Menar Auto Components is planning to set up a machine component, mining equipment, defense equipment and fabrications manufacturing unit at MIDC Chakan Phase-II Industrial Area in Pune district of Maharashtra.
As per the information available with Projects Today, land acquisition is process for the upcoming unit.
The project will spread over 1.97 acre and entail an investment of Rs 51.05 crore. Work on the project is expected to commence by September 2022.