Aeroflex Industries Limited at its board meeting held on November 03, 2023, approved the plan for setting up a separate project for Metal Bellows and Expansion Joint, to be completed in two phases. The project details for Phase I are as follows: Plant Capacity: 3,00,000 pieces per year. Product Range: From 50 mm to 1000 mm.

Project Cost: Approx. INR 430 million from internal accruals. Phase - I production will commence from December 2024.