Yash Highvoltage gets nod to raise Rs 151 crore

Yash Highvoltage has secured approval to raise up to around Rs 151 crore through a preferential issue. The board of directors of the company has approved the issuance of up to 12,62,131 equity shares and 8,32,177 convertible warrants, each warrant convertible into one equity share of the company, at an issue price of Rs 721 per security. The issue is subject to shareholder and other requisite statutory and regulatory approvals. The proposed proceeds from the issue are intended to support the company's next phase of growth through expansion of manufacturing and testing infrastructure, enhancement of existing facility’s capabilities, and strengthening of its position in the power equipment ecosystem.

A key focus area of the proposed investment is the expansion of the company's Resin-Impregnated Paper (RIP) bushing manufacturing facility from the originally envisaged 245 kV range to the 550 kV category. This strategic initiative is expected to position the company among a select group of manufacturers capable of serving the extra-high voltage transmission segment and significantly expand its addressable market. The proposed investments will support the establishment of advanced assembly and testing infrastructure, including high-voltage testing facilities and specialized equipment required for the development, validation and qualification of 550 kV RIP bushings. The company also plans to invest in engineering, product development and certification capabilities to meet global standards and address opportunities across domestic and international markets.

In addition, the company intends to undertake a brownfield expansion of its existing Oil-Impregnated Paper (OIP) bushing manufacturing facility to cater to growing demand from transformer manufacturers, utilities and power infrastructure developers. The proposed investments are expected to enhance manufacturing scale, broaden the company's product portfolio and strengthen its technological capabilities.

Yash Highvoltage is engaged in the manufacturing and distribution of wide range of transformer bushings - Oil Impregnated Paper (OIP) condenser bushing, Resin Impregnated Paper (RIP) / Resin Impregnated Synthetic (RIS) condenser bushing, High Voltage and High Current bushing, OIP Wall bushing and Oil to Oil bushing.