Methods India Plans Third Manufacturing Unit to Boost Capacity Amidst Growing Demand

Methods India, a significant player in turnkey bulk material handling systems and specialized fabrication, has announced plans to set up a third manufacturing unit. This expansion is aimed at enhancing its capacity for fabrication, assembly, and the delivery of turnkey projects. The company currently holds an order book worth ₹600 crore and has seen consistent growth in both domestic and international demand. Last fiscal year, Methods India reported an 18% increase in revenue, reaching ₹420 crore, driven by the successful execution of large-scale industrial projects. The company derives over 50% of its revenue from international markets and is actively expanding its global presence across various key industries including pharmaceuticals, fertilizers, underground mining, ports, and mineral beneficiation. The average project size handled by the company ranges from ₹25 crore to ₹100 crore, with an annual execution capacity of ₹500 crore.

Jacob Jose, CEO & Managing Director of Methods India, stated that the new facility will bolster the company's execution capabilities and support the increasing demand from Indian and global markets. He emphasized the company's ongoing commitment to sustainability, innovation, and long-term value creation through strategic collaborations.

Over the past four decades, Methods India has successfully completed more than 2,500 projects in 36 countries for major corporations such as JSW Steel, JSPL, Aditya Birla Group, L&T, Tata Steel, and Petronas. Notable ongoing projects include the Jindal Mmamabula Energy Project in Botswana, JSW Ports in Thoothukudi, and Kinyara Thermal Power Station in Uganda. Recent collaborations with Lichtzen Co. Ltd. from South Korea and Blue Sky Mining further solidify its position as a globally integrated engineering entity.

Impact: This expansion by Methods India is a positive signal for the industrial manufacturing sector. It indicates strong demand for the company's specialized services and its ability to scale operations. For investors, it suggests potential growth in the company's revenue and profitability, which could positively impact its stock performance. The news also reflects broader economic activity and investment in infrastructure and industrial development. Rating: 7/10

Difficult Terms: Turnkey: A project where a contractor handles all aspects of a construction or development project, from design and procurement to construction and commissioning, delivering a ready-to-use product. Bulk Material Handling Systems: Equipment and processes designed to move, control, and manage bulk materials (like grains, coal, minerals, cement) in large quantities. Specialised Fabrication Works: Custom manufacturing of complex metal structures or components according to specific designs and requirements. Order Book: The total value of contracts that a company has secured but has not yet completed. Fiscal: Relating to financial matters, typically referring to a company's or government's financial year. Global Footprint: The extent of a company's presence and operations worldwide. Mineral Beneficiation: The process of improving the quality of a mineral deposit by separating valuable minerals from waste rock or gangue. Strategic Collaborations: Partnerships formed between organizations to achieve mutual goals, often involving shared resources, expertise, or market access.