Shares of Kaynes Technology India Ltd edged higher on Tuesday, gaining 1.83% to ₹6,084.50 as of 9:25 AM on the NSE, following news of its ambitious expansion plans in Madhya Pradesh. The stock opened above its previous close of ₹5,975.00, reflecting investor optimism over the company’s proposed investment in Central India.
In a significant move, Kaynes Electronics Manufacturing Pvt Ltd (KEMPL), a subsidiary of Kaynes Technology India, announced plans to invest ₹352 crore to set up an advanced electronics manufacturing facility at Badwai IT Park in Bhopal. The plant, to be built over five acres, is expected to create over 1,000 skilled jobs and commence production by mid-2026.
While reports about the investment and project details have surfaced, the company is yet to issue an official stock exchange filing confirming the same.
The proposed facility is supported by Madhya Pradesh’s Semiconductor Policy 2025 and the Cabinet Committee on Investment Promotion (CCIP). The policy aims to position the state as a hub for electronics and semiconductors by offering infrastructure support, incentives, and a skilled workforce.
Raghu Panicker, CEO of Kaynes Technology, commented that the Bhopal facility would focus on advanced electronics manufacturing — in the semiconductor space rather than traditional PCB manufacturing — aligning with India’s push to boost domestic production in critical technology sectors.
Kaynes already operates eight manufacturing units across India, supplying electronics to industries such as automotive, aerospace, defence, medical, and IoT. This project marks its first major manufacturing footprint in Central India.
The investment comes amid Madhya Pradesh’s broader efforts to attract high-tech industries, with upcoming policies on semiconductors and space technology under development.
The stock’s rise reflects market confidence in the company’s growth strategy and its ability to tap into government-backed initiatives to expand its capabilities and market reach.
