Lumax Industries greenlights strategic investments and new manufacturing plant

Lumax Industries Limited announced its board of directors approved acquiring up to a 26% stake in Power Pulse Trading Solutions Limited (PTSL) for approximately Rs. 1.61 crores. This investment qualifies Lumax as a captive user for renewable energy generated by PTSL’s power plant, supporting manufacturing facilities in Haridwar, Pant Nagar, and Sanand. PTSL, a trading arm of Adani Energy Solutions Limited, reported a turnover of Rs. 11.99 crores from its incorporation date to March 31, 2025.

Additionally, the board approved setting up a new manufacturing plant in Bengaluru, Karnataka, with a capital outlay of around Rs. 140 crores. This facility aims to cater to new orders from MSIL and Toyota, with funding from internal accruals. The project anticipates a peak annualized turnover of approximately Rs. 450 crores post-commissioning and is expected to be commissioned by Q4 FY 2026-27.

The unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2025, were also approved, with standalone profit after tax reported at Rs. 2,579.14 lakhs for the quarter. Consolidated profit after tax was Rs. 3,564.06 lakhs for the quarter.