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Standard Engineering Technology Limited will establish a new plant in Jinnaram, near Hyderabad, with an investment of Rs 240 crore. The first phase will involve Rs 120 crore, with operations expected to start by mid-2027.

The facility will focus on manufacturing heavy engineering equipment and supports the company's growth strategy. The company aims for revenues of Rs 760-800 crore this financial year, marking a 27% increase from the previous year.