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Board of Vindhya Telelinks approves expansion of copper cable facility at Rewa

Capital Market 

At an estimates capital outlay of Rs 32.75 crore

announced that the Board of Directors of the Company has, interalia, approved a proposal for substantial expansion-cum-diversification of the Company's existing Copper Cable facility at Rewa, to be executed in stages, for manufacturing of Electron Beam Irradiated Cross-linked Cables including installation of Electron Beam Accelerator(s) of appropriate rated capacity, with an estimated capital outlay of Rs.32.75 crore, to be funded by a mix of internal accruals and debt.

The Company is presently engaged in the manufacturing of a wide variety of Cables and it has been decided to expand its products portfolio by diversification into the high end market of specialized electrical cables and electron beam irradiated cross-linked cables. The market for such cables is rapidly expanding due to the exacting technical requirements of new applications and the gradual transition from the conventional cables to the new genre of Electron Beam Irradiated Cables particularly in the market segment of Solar Energy (DC Solar Cables), Railways, Ship Building, etc. The substantial expansion-cum-diversification project is likely to be operational in two stages by December, 2017.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 15 2017. 19:43 IST