Business Update2 May 2026, 05:41 pm
Leel Electricals: Plant Shifts to Pant Nagar, Capacity to ₹300Cr
AI Summary
Leel Electricals Ltd. is shifting its manufacturing facility from Greater Noida to Pant Nagar, Rudrapur, Uttarakhand. The company also plans to increase its production capacity to ₹300 Crores from the existing ₹100 Crores. This expansion is expected to be completed by May 2028, with an investment of ₹80-100 Crores, financed through equity and debt, to support business growth.
Key Highlights
- Leel Electricals shifts plant from Noida to Pant Nagar, Uttarakhand.
- Capacity addition planned to reach ₹300 Crores by May 2028.
- Investment of ₹80-100 Crores to be financed via equity/debt.
- Existing capacity utilization is at 20%.