It was renovated in 2016/2017 at a cost of ₹ 2 crore under the Corporate Social Responsibility (CSR) of Laksmi Machine Works (LMW).

Having been in existence for more than 140 years, the station played a significant role in the development of the locality.

Currently, on average more than 1,000 passengers make use of this station to travel between Coimbatore and Mettupalayam on daily basis.

LMW under its CSR initiative has taken up the renovation work of the Periyanaickenpalayam Railway Station in 2016 and was completed in June 2017.

[3] The renovation includes construction of the station building with facilities such as waiting area, ramps, separate differently-abled friendly toilets, ticket counter-cum-station master room, fencing of the station area and gardening.