In a bid to double manufacturing capacity at its cable factory in Uttarakhand, V-Guard Industries, consumer electrical and electronics company has invested Rs 16 crore. Recently, the company had invested Rs 24 crore to set up the facility in Kashipur, which currently manufactures 3 lakh coils per month.
The capacity enhancement is part of the company’s objective to strengthen its north and east India operations. The company is aiming to be one among the top four brands in India, representing quality and customer satisfaction with a pan-India presence.
V-Guard Industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc. The company also conducts research and development initiatives for electronic products, electric geysers, electro-mechanical products, electrical wires and solar water heaters.
