Industrial Automation Companies Continue to Invest in Expanding facilities

Capacity expansion in India’s industrial automation industry is continuing as the demand for industrial infrastructure projects, process automation and digital control systems keeps growing. Companies in critical industries such as oil and gas companies, petrochemicals and energy are bolstering their manufacturing bases to handle larger, more complex projects. In line with this, Advanced Sys-Tek has submitted to the Securities and Exchange Board of India (SEBI) draft papers for an initial public offering (IPO) of ₹98 crore for its next phase of growth.