The purpose behind the agreement is to enable Master Components to expand its manufacturing footprint. The company plans to carry out a broad range of industrial activities at the new location — including manufacturing, fabricating, designing, pressing, and assembling components, tools, moulds, jigs, engineering instruments, and various types of machine tools. These will cater to the needs of diverse engineering and allied industries, as well as workshops and commercial establishments.

As per the terms, the lease rent will see an annual escalation of 5%, reflecting standard industry practices for long-term commercial arrangements.

Master Components manufactures plastic engineering components and sub assemblies. It specialises in injection moulding, thermoset moulding & compression moulding.

Shares of Master Components ended almost flat at Rs 272.20 on Friday, 11 April 2025.