LT Elevator Limited (BSE: 544518), a leading manufacturer of elevator solutions and automated parking systems, has commenced construction of its Integrated Manufacturing Facility following the successful completion of the Bhoomi Pujan (groundbreaking ceremony) held on July 13, 2026. The ceremony marks the formal commencement of development on the Company’s newly acquired land parcel in West Bengal, with the facility expected to commence commercial operations in the fourth quarter of FY27.
The upcoming integrated manufacturing facility represents a significant milestone in LT Elevator’s long-term growth strategy and is expected to substantially strengthen the Company’s manufacturing capabilities. Upon commissioning, the facility is projected to increase installed manufacturing capacity by approximately 2.5 times, enabling the Company to cater to growing demand across its passenger, goods, hospital and home elevator businesses, as well as its automated car parking systems segment. By bringing manufacturing, fabrication, component sourcing, assembly and project execution under one roof, the facility is expected to improve operational efficiencies, optimise production costs, shorten delivery timelines and enhance execution capabilities for large institutional, infrastructure and government projects.
The facility will be equipped with advanced manufacturing technologies, including a 135 Ton / 4000 mm CNC Press Brake Bending Machine, a 1.5 kW Hand-Held Fibre Laser Welding System, the TRUMPF TruPunch 1000 CNC Punching Centre and the TRUMPF TruBend 3120 Press Brake, enabling high-precision fabrication and the production of technologically advanced elevator systems and automated parking solutions. These capabilities are expected to strengthen the Company’s ability to address complex engineering requirements across a wide range of projects.
At full utilisation, the integrated manufacturing facility is expected to support annual production capacity of approximately 2,500 elevator units and 8,000 automated parking spaces, translating into an estimated annual revenue potential of around ₹400 crore. The land parcel has also been planned to accommodate future brownfield expansion, providing sufficient room for additional capacity enhancement in line with the Company’s long-term growth plans beyond FY28 without the need for further land acquisition.
Commenting on the development, Yash Gupta, Director, LT Elevator Limited, said, “Crossing ₹111 crore in revenue during FY26 while commencing construction of our integrated manufacturing facility marks an important milestone in the Company’s growth journey. This investment reflects our long-term commitment to expanding manufacturing capabilities and building a scalable platform for future growth. Once operational in Q4 FY27, the facility is expected to significantly enhance our production capacity, improve operating efficiencies and strengthen our ability to execute larger and more complex projects across India.”
Established in 2008, LT Elevator Limited is a leading manufacturer of elevator solutions in Eastern India, offering passenger, goods, hospital and home elevators, along with automated car parking systems through its wholly owned subsidiary, Park Smart Solutions Limited. The Company is also expanding its presence in the direct-to-consumer home elevator segment. Operating from its ISO 14001:2015 certified manufacturing facility in West Bengal and supported by a network of 21 offices across India, LT Elevator provides turnkey engineering, installation and operations & maintenance solutions to real estate developers, healthcare institutions, premium residential projects and government organisations.
