Shilchar Technologies has informed that the company is under process of expansion of productions facilities from 4000 MVA to 5000 MVA by extension of existing shop floor for manufacturing of Distribution and Power Transformers. The company will be able to complete this expansion by the end of the current financial year. Further, Manufacturing facilities of Electronic and Telecommunications Transformers will be shifted from existing Bil plant to Gavasad factory. Both put together, it will require capital expenditure around 10,00,00,000.
The above information is a part of company’s filings submitted to BSE.
