
Expansion15 Nov 2024, 12:43 am
Jagan Lamps Ltd. to More Than Double Production Capacity with Rs 35 Crore Investment
AI Summary
Jagan Lamps Ltd. has approved a plan to expand its production capacity of Halogen Lamps, Xenon Lamps, and LED Lamps. The expansion is in response to high demand and proposed orders, and is expected to more than double the current production capacity. The investment required for this expansion is approximately Rs 35 Crores, which will be financed through a combination of internal accruals and debts. The expansion is expected to be completed within 12 months.
Key Highlights
- Jagan Lamps Ltd. to more than double production capacity
- Expansion plan approved by the Board of Directors
- Investment of approximately Rs 35 Crores required
- Financing through internal accruals and debts
- Expansion to be completed within 12 months