Jyoti CNC Automation Share Price Surges Over 5%; Receives MEITY Approval for ₹1,020.65 Crore Expansion

Jyoti CNC Automation has received approval from the Ministry of Electronics and Information Technology (Meity) for a capital investment proposal of ₹1,020.65 crore, as per an exchange filing dated August 17, 2026.  

The investment is planned over the next five years at the company’s existing manufacturing facility in Rajkot, Gujarat. Meity issued the approval letter on August 17, 2026. 

Capacity Expansion at Rajkot 

The proposed investment is linked to an increase in the company’s installed manufacturing capacity. Jyoti CNC Automation also plans to set up backward-integrated manufacturing facilities for electronic devices used in CNC machine production.  

The company’s disclosure does not provide a separate allocation for the two parts of the proposal. 

Incentive Under Electronic Components Scheme 

The investment proposal has been approved under the Electronic Components Manufacturing Scheme of Meity. Under the scheme, Jyoti CNC Automation will be eligible for a capital expenditure incentive of up to 25% on the investments.  

The incentive remains subject to the conditions of the scheme and the approval issued by Meity. 

Investment to Be Made Over 5 Years 

The company has specified a 5-year period for the ₹1,020.65 crore capital investment. The disclosure does not give details of annual spending or the expected commissioning schedule for the expanded capacity. The work is planned at the company’s existing Rajkot manufacturing facility. 

Board to Review Meity Approval 

The approval letter will be placed before Jyoti CNC Automation’s board of directors for consideration and any required action.  

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Jyoti CNC Automation Share Price Performance 

As of August 18, 2026, 11:31 am, Jyoti CNC Automation share price was trading at ₹902.80, a 5.23% increase from the previous closing price. 

Conclusion 

The approved ₹1,020.65 crore investment will be made at Jyoti CNC Automation’s Rajkot facility over five years. The plan includes electronic component manufacturing. 

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