Technocraft Industries to Spend £10 Million on UK Expansion; Shares Rise Nearly 5%

Mumbai, October 9, 2025: Technocraft Industries (India) Limited (NSE: TIIL | BSE: 532804) surged almost 5% after the company proposed to invest about £10 million (₹104 crore) within the next three years in the United Kingdom expansion business. The new business will generate 18 fresh high-skilled technical and engineering jobs, further bolstering the company’s strategy of overseas growth.

Incorporated in 1992 and with its corporate office in Mumbai, Technocraft Industries is a diversified multinational engineering group involved in drum closures, scaffolding systems, formworks, textiles, and engineering services. The company has manufacturing units in Maharashtra and China and overseas offices in the UK, Poland, Germany, New Zealand, the USA, Canada, and the UAE. Technocraft has always remained committed to growth through innovation, diversification, and an even balance of domestic and foreign markets.

Stock Market Reaction

As of 2:40 PM IST on October 9, the stock was trading at ₹2,330.10, up ₹107.90 or 4.86% from the last close of ₹2,222.20. The stock opened at ₹2,228.20 and reached an intraday high of ₹2,350.00, providing the company with a market capitalization of ₹5,308.84 crore. The 52-week range of the stock is ₹2,050.00–₹3,383.00, with a P/E ratio of 19.27x.

UK Investment Plan

The £10-million investment is for enhancing Technocraft’s footprint in the UK and driving expansion in digital engineering services. The program is in line with the company’s growth strategy across the world and the UK government’s program for attracting Indian investment in technology and advanced manufacturing industries.

Management Commentary

“The UK represents a key growth market for us, and this investment highlights our confidence in its talent base and innovation ecosystem,” said Navneet Kumar Saraf, CEO of Technocraft Industries (India) Limited. “By creating highly skilled engineering and technical roles, we aim to contribute to the UK’s industrial capabilities while supporting our global growth ambitions.”

The growth will augment Technocraft’s capability to provide innovative digital engineering solutions to customers within the UK and European regions, as well as promote cooperation with indigenous industry players.

REF: https://nsearchives.nseindia.com/corporate/TIIL_09102025121605_PressRelease09102025.pdf

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