Universal Cables Ltd updates on capacity expansion

Universal Cables Ltd had announced manufacturing capacity expansion of Power & Control Cables, LT & HT Power Capacitors and Thermoplastic Compounds/Zero Halogen Flame Retardant Compounds (all types and specifications). The production capacity expansion has been undertaken with the prime objective of aligning the company's manufacturing facility at Satna (M.P.) to keep pace with the envisaged growth in demand and migrate to the evolving technologies for manufacturing of Power & Control Cables, LT & HT Power Capacitors and Thermoplastic Compounds/Zero Halogen Flame Retardant Compounds.

The existing capacity of Power & Control Cables of all types including other insulated Cables is 11,000 K.M. per annum and LT & HT Power Capacitors of all types equipped with APFC Panel facility is 1,500 MVAR per annum.

The expansion of production capacity of Power & Control Cables of all types including other insulated Cables from 11,000 K.M. per annum to 18,000 K.M. per annum.

The expansion of production capacity of LT & HT Power Capacitors of all types equipped with APFC Panel facility from 1,500 MVAR per annum to 4,500 MVAR per annum and establishment of production capacity of all types of Thermoplastic Compounds / Zero Halogen Flame Retardant Compounds by 3,600 M.T. per annum.

The Total outlay of fixed capital investment of approx. Rs. 117 Crores. The company has commenced production with effect from 18th September, 2020.

Shares of UNIVERSAL CABLES LTD. was last trading in BSE at Rs.145 as compared to the previous close of Rs. 145.5. The total number of shares traded during the day was 2850 in over 177 trades.

The stock hit an intraday high of Rs. 146.6 and intraday low of 143.6. The net turnover during the day was Rs. 413655.

Source : Equity Bulls

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