Jyoti CNC gets nod for Rs 1,021 crore electronics investment

Jyoti CNC is a company that makes big machines used in factories to cut and shape metal.

The Indian government has given the company permission to spend a lot of money — about 1,021 crore rupees — to make more machines.

The government will also help pay for up to 25 percent of the cost.

The company wants to build a new factory and make its own electronic parts, like the 'brains' of the machines.

Right now, it buys some of these parts from other companies.

Making them itself could save money and make the machines better.

The company's leader says the new parts could be ready to sell within two years.

The company is already doing well — it sold more machines this year than last year.

It also has many orders from customers, especially in aerospace and defence.

This news made the company's share price go up a little bit.