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Esab India Ltd. — Capital/Financing Update 2023
Nov 10, 2023
60891_rns_2023-11-10_7eaa3ca2-ba06-475f-9edf-549bab257980.pdf
Capital/Financing Update
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| ESAB/SE/2023 | 10th November 2023National Stock Exchange of IndiaLimitedExchange PlazaPlot No.01, G Block,Bandra-Kurla Complex. Sandra (E)Mumbai 400 051 |
|---|---|
| ToBSE LimitedPJ TowersDalal StreetMumbai 400 001. | National Stock Exchange of IndiaLimitedExchange PlazaPlot No.01, G Block,Bandra-Kurla Complex. Sandra (E)Mumbai 400 051 |
Scrip Code :500133 / ESABINDIA
Sub: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby inform that the company proposes to increase its existing capacity by setting up an additional production line in the existing facility for Electrodes. This additional capacity will be used to meet current and future demands of the Indian and Global markets. Details of the existing and proposed capacity additions are furnished below.
| Sl.No | Particulars | |
|---|---|---|
| 1 | Existingcapacity | 26,600 Metric tonnesp.a. |
| 2 | Existingcapacityutilisation | 83% |
| 3 | Proposed capacityaddition | Upto 6000 Metric tonnesp.a. |
| 4 | Period within which the proposedcapacityis to be added | Effective 1stApril 2024 |
| 5 | Investment required | About INR 15.7 crores |
| 6 | Mode of financing | Internal source of funds |
| 7 | Rationale | Salesgrowth |
We are also pleased to inform that we have recently constructed a new R&D Building with a total cost of about Rs. 30 crores for housing our existing R&D facility. This has now become a state-of-the-art Research and Development facility at Chennai location.
We request you to kindly bring the above to the attention of the Members.
Thanking you,
Yours truly,
For ESAB India limited
GANESHSIN Digitally signed by GANESHSINGH BALAJI GH BALAJI Date: 2023.11.10 16:56:17 +05'30' G Balaji Company Secretary
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Company : Telephone : ESAB INDIA LIMITED 91-(0)44 – 42281100 Plot No.13, 3rd Main Road, Fax : Industrial Estate, Ambattur, 91-(0)44 – 42281150 Chennai – 600 058
Website: www.esabindia.com CIN: L29299TN1987PLC058738
Registered Office : ESAB INDIA LIMITED Plot No.13, 3rd Main Road, Industrial Estate, Ambattur, Chennai – 600 058