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Universal Cables’ board approves additional capital expenditure of Rs 20 crore

23 Mar 2024 Evaluate

Universal Cables’ board has approved additional capital expenditure for augmenting the production capacity of XLPE Insulated Medium Voltage Power Cables through debottlenecking at the company's manufacturing facility at Satna, Madhya Pradesh. Post debottlenecking, the production capacity shall stand increased by approximately 1500 KMs per annum. The envisaged enhanced capacity is likely to be fully operational by March 2025.

The additional capital expenditure is estimated to be approximately Rs 20 crore. The proposed debottlenecking of production capacity is planned for augmenting the volume of MV Power Cables with minimal additional fixed capital investment in order to meet anticipated growth in demand with shorter delivery schedule.   

Universal Cables is a leading manufacturer of cables of all kinds and has facility for production, quality control and testing.


Universal Cables Share Price

838.30 40.35 (5.06%)
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