Premier is setting up a CNC machine manufacturing unit with a capacity of 1,185 sets per year at Sawardari village, Khed taluka in Pune district of Maharashtra.
The project worth Rs 124.65 crore will also manufacture CNC machine tools with a capacity of 141 numbers per year.
In May 2019 the Maharashtra Pollution Control Board (MPCB) gave consent to establish the project.
As per the latest development available with Projects Today, around 90 percent work on the project is completed. The commercial production is likely to commence by July 2019.