New Launch1 Feb 2025, 05:58 pm
APAR Industries to Add Aluminum Rod Processing Line for Conductors and Cables Manufacturing
AI Summary
APAR Industries Ltd. has announced a proposed capacity addition by setting up an additional line for processing Aluminum Rod, which will be used in the manufacture of Conductors and Cables. The new line will have an annual capacity of 42,000 MT, with an investment of Rs 37.57 crores from internal accruals. The rationale behind this expansion is to cater to additional market demand. The proposed capacity addition is expected to be completed by Q4 FY25.
Key Highlights
- APAR Industries to invest Rs 37.57 crores in new Aluminum Rod processing line
- New line to have an annual capacity of 42,000 MT
- Investment to be financed through internal accruals
- Expansion aimed at catering to additional market demand
- Proposed capacity addition to be completed by Q4 FY25