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Finolex Cables to invest Rs 80 crore in its manufacturing units

02 Feb 2012 Evaluate

Finolex Cables has received an approval for investment of about Rs 80 crore towards increase/rebalancing of capacities for manufacture of various wire and cable products at its manufacturing units at Roorkee and Urse to be done by the company over the next two financial years. The board at its meeting held on February 01, 2012 has approved for the same.

Finolex Cables is part of the diversified Finolex Group. The company manufactures wide range of  cables such as PVC insulated electrical cables, Flameguard - FRLS cables, auto and battery cables, PVC winding wires, jelly-filled telephone cables, LAN cables, switchboard cables. It is India's largest and leading manufacturer of electrical and telecommunication cables.

Peers
Company Name CMP
Polycab India 8360.00
KEI Industries 4648.00
RR Kabel Ltd. 2450.50
Finolex Cables 1410.90
Precision Wire India 478.80
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