Stock Report

OMRON Healthcare to launch operations in March 2025 at Origins by Mahindra in Chennai

Posted On : 2023-06-02 18:01:43( TIMEZONE : IST )

OMRON Healthcare to launch operations in March 2025 at Origins by Mahindra in Chennai

Mahindra Industrial Park Chennai Limited (MIPCL), a joint venture between Mahindra World City Developers Limited and Sumitomo Corporation of Japan, today announced that OMRON Healthcare, one of the world's leading manufacturer and distributor of blood pressure monitor and cardiovascular disease prevention and management Services will be launching operations in March 2025 by manufacturing the blood pressure monitors in India, at Origins by Mahindra, Chennai.

Rajaram Pai, Chief Business Officer - Industrial, Mahindra Lifespace Developers Limited, said, "We are delighted to welcome OMRON Healthcare to Origins by Mahindra, Chennai. This is a testament to the compelling value proposition that our industrial cluster offers as a preferred manufacturing destination. At Origins, we provide ready plug-and-play infrastructure enabling businesses to scale and go to market faster. Moreover, we are driven by our commitment to foster efficient, sustainable ecosystems that not only create employment opportunities but also attract significant investments for making-in-India."

The OMRON Healthcare factory will be built over 6.02 acres and will be manufacturing blood pressure monitors and supplying them mainly to the domestic market.

Origins by Mahindra, Chennai is an industrial cluster on the NH16 Chennai - Bangalore Industrial Corridor near Ponneri, North Chennai. Currently it is home to 9+ global companies including Mitsubishi Electric, Yanmar, NISSEI, USUI, TJR, Autogrip, Masano, Track design and Ashirvad Pipes in the first phase of the project, spanning 307 acres. Businesses at Origins Chennai benefit from clear land titles, in-house operations and maintenance teams, dedicated security services and other amenities. From the perspectives of ease of access and connectivity, Origins Chennai is strategically located on the Golden Quadrilateral, has seamless access to ports at Chennai, Ennore and Kattupalli, and is in proximity to the Kavaraipettai and Ponneri railway stations. Origins by Mahindra, Chennai is one of the three Japanese Industrial townships in Tamil Nadu and the first industrial cluster in the state of Tamil Nadu to be awarded the IGBC Green Cities' 'Platinum' rating.

Shares of Mahindra Lifespace Developers Limited was last trading in BSE at Rs. 449.00 as compared to the previous close of Rs. 440.25. The total number of shares traded during the day was 27244 in over 1229 trades.

The stock hit an intraday high of Rs. 455.25 and intraday low of 443.60. The net turnover during the day was Rs. 12239795.00.

Source : Equity Bulls


MahindraLifespaceDevelopers INE813A01018 OMRONHealthcare Manufacturing BloodPressureMonitors OriginsbyMahindra Chennai