Finolex Cables to foray into Fan business

11 Aug 2015

Finolex Cables plans to enter into the Fan business by setting up a new facility during the year with a capacity to manufacture about 200,000 fans per month. The board of directors at their meeting held on August 10, 2015 have approved for the same.

The board also approved to make additional investment in production facilities at Urse to expand its cable range. Both the above investments would primarily be from internal accruals and would require an investment of about Rs 125 crore.

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.


Related Finolex Cables Ltd. Links:

Finolex Cables Share Price

356.15 3.65 (1.04%) Dec 13, 18:01
1 Year Price Chart
Peers
Company Name CMP
Polycab India 981.70
Sterlite Technologie 121.15
KEI Industries 445.50
Finolex Cables 356.15
Precision Wire India 144.70
View more..
Sensex vs Finolex Cables
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463