Write in 120 words about the engineering and construction sector, its boom post-COVID, huge push by the government to develop infra and road networks in the country.
The engineering, real estate, and construction sector in India has experienced significant growth post-COVID, driven by a massive push from the government to enhance infrastructure development. With an increased focus on improving road networks, urban infrastructure, and transportation systems, the sector has witnessed a boom in projects, particularly under the National Infrastructure Pipeline (NIP) and the Bharatmala Pariyojana. Government initiatives such as the Atmanirbhar Bharat and enhanced budgetary allocations for infrastructure have fueled this growth.
The construction of highways, smart cities, and industrial corridors has attracted significant private investments and public-private partnerships. This surge in infrastructure spending is expected to further accelerate the sector’s growth, create jobs, and drive long-term economic development, positioning India as a leader in infrastructure expansion globally.
Share Price
The shares of Last Mile Enterprises are trading at Rs. 431, up 4.29% from its previous close of Rs. 410.7 as of November 26, 2024. The stock touched an intraday high of Rs. 431.2.
Recent Updates
Damson Technologies (Subsidiary of Last Mile Enterprises) Inaugurates Advanced Manufacturing Facility in Ahmedabad, Gujarat
Investment Overview
Damson Technologies, a subsidiary of Last Mile Enterprises Limited, has proudly inaugurated its state-of-the-art manufacturing facility in Ahmedabad, Gujarat. This facility represents a landmark investment of INR 200 crore, spread across three phases, underscoring the company’s commitment to the ‘Make in India’ initiative.
The investment breakdown includes INR 30 crore for optimizing the manufacturing process, INR 60 crore for advanced machinery and production technology, and INR 110 crore for infrastructure and factory setup.
This strategic investment aims to elevate Damson Technologies in the competitive smart accessories and lifestyle products market, notably enhancing its flagship brand, JUST CORSECA, and enabling manufacturing for other leading accessory brands in India.
Production Capacity and Expansion Plans
The new Ahmedabad facility will begin operations with six assembly lines, with an initial production capacity of 3 lakh units per month. As the demand for its products grows, the facility will scale up in phases, reaching 20 assembly lines in phase 3, with a target of 10 lakh units per month. This expansion is designed to meet both domestic and international demand, with a projected revenue of INR 500 crore in the upcoming fiscal year.
Future Outlook
With this advanced manufacturing setup, Damson Technologies is poised to capture 3-4% of the market share in mobile accessories and personal audio sectors. This move aligns with the company’s broader growth strategy and revenue goals, solidifying its position as a leader in the smart accessories industry. The Ahmedabad facility will play a pivotal role in achieving Damson’s ambitious objectives and fostering innovation in the sector.
About the Company
Incorporated in 1994, Last Mile Enterprises Ltd. is recognized as a prominent player in the construction and engineering sectors. Initially, the company was involved in trading and investing in shares and securities, but it has since shifted its focus to infrastructure development and real estate projects. Over the years, Last Mile has established a strong reputation for delivering large-scale infrastructure solutions.
The company is actively engaged in developing residential, commercial, and mixed-use properties. With a strong emphasis on innovation and sustainability, Last Mile aims to make a significant contribution to India’s growing infrastructure and real estate sectors. Its extensive experience and robust track record position it as a key player in shaping India’s urban landscape.
Written By: Dipangshu Kundu
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