AI assistant
Apar Industries Ltd — Capital/Financing Update 2024
Nov 18, 2024
61163_rns_2024-11-18_5d102d4d-fa37-4a78-a7e4-8b4fdf37a6ea.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [150 x 43] intentionally omitted <==
==> picture [115 x 10] intentionally omitted <==
| SEC/1811/2024 |
By E-FilingNovember 18, 2024 | By E-FilingNovember 18, 2024 |
|---|---|---|
| National Stock Exchange of India Limited “Exchange Plaza”, C-1, Block G, Bandra- Kurla Complex, Bandra (E), Mumbai – 400 051. Scrip Symbol : APARINDS Kind Attn.: Listing Department |
BSE Limited Corporate Relations Department, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001. Scrip Code : 532259 Kind Attn. : Corporate Relationship Department |
Sub. : Intimation regarding Capacity addition under Regulation 30(4) (d) read with Point no. 3 of Para B of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (“SEBI LODR”) as amended from time to time.
_______________
Pursuant to Regulation 30(4)(d) read with Para B of Part A of Schedule III of SEBI LODR, we would like to inform the Exchanges about the proposed capacity addition of Continuous Transposed Conductor (“CTC”) to be undertaken by the Conductor Division of the Company.
The details, as required under Regulation 30 of SEBI LODR read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed as an Annexure A. Also enclosing herewith Press Release on the above subject matter as Annexure B.
The Board of Directors of the Company have transacted subject proposal through resolution by circulation on 18.11.2024 at 11:28 am.
You are requested to take the same on your record.
The above information is also being uploaded on the website of the Company at www.apar.com
Thanking you, Yours Faithfully, For APAR Industries Limited SANJAYA RAJU KUNDER Digitally signed by SANJAYA RAJU KUNDER DN: c=IN, o=PERSONAL, title=7428, pseudonym=9fdeb5687d624d869f090b9361568600, 2.5.4.20=e1e7d44fe70d01431f3f8f9fbc5d579df83d4f144d97b964a056b828176242b3, postalCode=400083, st=Maharashtra, serialNumber=0cc5c938eb4e54110332d07255e723e3bd1a6849c5d87c4f34e5bec3533aa715, cn=SANJAYA RAJU KUNDER Date: 2024.11.18 11:30:21 +05'30' Sanjaya Kunder (Company Secretary)
Encl. : As above
APAR Industries Limited Corporate Office : APAR House, Corporate Park, V. N. Purav Marg, Chembur, Mumbai - 400 071, India +91 22 2526 3400/6780 0400 [email protected] www.apar.com Regd. Office : 301/306, Panorama Complex, R. C. Dutt Road, Alkapuri, Vadodara - 390007, India +91 265 6178 700/6178 709 [email protected] www.apar.com CIN : L91110GJ1989PLC012802
Annexure A
==> picture [153 x 43] intentionally omitted <==
==> picture [114 x 10] intentionally omitted <==
Details of proposed capacity addition of CTC
Details under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
| Existing capacity | MT per annum | 7,350 |
|---|---|---|
| Existingcapacityutilization | % | 98% |
| Expected capacity addition from November 2024 to March 2025 due toprojects being put to use |
MT per annum | 5,160 |
| Proposed capacity addition | MT per annum | 7,980 |
| Total capacity after proposed addition |
MT per annum | 20,490 |
| Period within which the proposed capacityis to be added |
Q3 FY26 | |
| Investment required | Rs. crores | 72.55 |
| Mode of financing | Internal accrual / debt | |
| Rationale | As per National Electricity Plan released in Oct ’24, 1,91,474 ckm of transmission lines (from 4,56,716 ckm to 6,48,190 ckm) and 12,74,185 MVA of transformation capacity for 220 kV and above voltage levels (from 10,70,950 MVA to 23,45,135 MVA) are planned to be added during the period 2022-32. Post the proposed CTC expansion in the Conductor division, our capacity will be 3x of current levels that will help cater to the increased demand available on account of focussed prioritisation by Government to Power and Generation requirements. |
APAR Industries Limited
Corporate Office : APAR House, Corporate Park, V. N. Purav Marg, Chembur, Mumbai - 400 071, India +91 22 2526 3400/6780 0400 [email protected] www.apar.com
Regd. Office : 301/306, Panorama Complex, R. C. Dutt Road, Alkapuri, Vadodara - 390007, India +91 265 6178 700/6178 709 [email protected] www.apar.com CIN : L91110GJ1989PLC012802
Annexure B
==> picture [139 x 63] intentionally omitted <==
PRESS RELEASE
Mumbai, November 17, 2024: APAR Industries Limited (BSE: 532259, NSE: APARINDS), the world's largest conductor manufacturer, 3rd largest transformer oil manufacturer and India's largest renewable cables manufacturer today announced expansion of production capacity for its Continuous Transposed Conductor (“CTC”) business to cater to increased demand available on account of focused prioritisation by Government in Power and Generation Equipment. Post the expansion, the total annual production capacity for CTC will be 20,490 MT gradually by the 3Q FY26 which will be 3x of current levels.
Commenting on the proposed expansion Mr. Manish Agrawal, CEO - Conductor and Telecom division said, “As per National Electricity Plan released in Oct ’24, 1,91,474 ckm of transmission lines (from 4,56,716 ckm to 6,48,190 ckm) and 12,74,185 MVA of transformation capacity for 220 kV and above voltage levels (from 10,70,950 MVA to 23,45,135 MVA) are planned to be added during the period 2022-32.
We are optimistic on the prospects of the transmission segment in India and worldwide. The proposed expansion will augment our existing market penetration in the CTC segment. Further, as the customer base for transformer oil and CTC are the same, we strongly believe we will be able to synergise our leadership strength in the transformer oil segment to further expand the CTC business globally”
About APAR Industries Limited
Founded in 1958, APAR Industries Limited is a diversified $2 bn conglomerate with a strong presence in over 140 countries. As the largest aluminium and alloy conductor manufacturer and the 3rd largest transformer oil manufacturer, the company enjoys a leadership position in the global markets. APAR also offers over 350 grades of speciality oils, the largest range of speciality cables, lubricants, speciality automotive and polymers.
For media queries contact: For Investor relations contact: Corporate Communication Mr. Ambesh Tiwari APAR Industries Limited S-Ancial Technologies Phone: +91 22 6780 0400 / 80974 28787 Phone: +91 84248 93404 Email: communications @apar.com Email: [email protected]
For more details visit www.apar.com
For regular updates follow us on: LinkedIn | Facebook | Instagram | Twitter | YouTube
BSE: 532259 | NSE: APARINDS | Reuters: APAR.NS | Bloomberg: APR:IN
Disclaimer
==> picture [189 x 52] intentionally omitted <==
APAR Industries Limited
Corporate Office: APAR House, Corporate Park, V N Purav Marg, Chembur, Mumbai 400 071, India +91 22 2526 3400/6780 0400 [email protected] www.apar.com
Regd Office: 301/306, Panorama Complex, RC Dutt Road, Alkapuri, Vadodara - 390 007, India
Page 1 of 2
+91 265 6178 700/6178 709 [email protected] www.apar.com CIN: L91110GJ1989PLC012802