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Universal Cables Ltd. — Capital/Financing Update 2020
Sep 19, 2020
60880_rns_2020-09-19_a5494128-4b62-4f4b-a74a-c9a82932fb10.pdf
Capital/Financing Update
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Ref : UCL/SEC/2020-21
19[th] September, 2020
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----- Start of picture text ----- BSE Limited National Stock Exchange of India Ltd.Corporate Relationship Department Listing Department,Phiroz Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,Dalal Street, Bandra-Kurla Complex,Mumbai – 400 001 Bandra (East),Mumbai – 400 051Scrip Code : 504212 Scrip Code : UNIVCABLES EQ----- End of picture text -----
Dear Sir(s),
Subject: Disclosure about the Capacity addition (Manufacturing) of the Company under Regulation 30 of SEBI (LODR) Regulation, 2015
Apropos to the above, the required disclosure concerning the manufacturing capacity expansion of Power & Control Cables, LT & HT Power Capacitors and Thermoplastic Compounds/Zero Halogen Flame Retardant Compounds (all types and specifications) undertaken by the Company is furnished herein:
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----- Start of picture text ----- Existing Capacity (Manufacturing) (i) Power & Control Cables of all types includingother insulated Cables – 11,000 K.M. perannum.(ii) LT & HT Power Capacitors of all typesequipped with APFC Panel facility -1,500MVAR per annum.Existing Capacity Utilisation Optimal LevelDetails of Capacity Addition (i) Expansion of production capacity of Power &Control Cables of all types including otherinsulated Cables from 11,000 K.M. per annumto 18,000 K.M. per annum;(ii) Expansion of production capacity of LT & HTPower Capacitors of all types equipped withAPFC Panel facility from 1,500 MVAR perannum to 4,500 MVAR per annum; and(iii) Establishment of production capacity of alltypes of Thermoplastic Compounds/ZeroHalogen Flame Retardant Compounds by3,600 M.T. per annum.Period within which the capacity is Commencement of Production with effect fromto be added 18 [th] September, 2020.Investment Total outlay of fixed capital investment of approx.Rs. 117 Crores.----- End of picture text -----
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----- Start of picture text ----- Mode of Financing Term Loan / Internal Accruals----- End of picture text -----
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| Mode of FinancingTerm Loan / Internal Accruals | |
| Project Rationale | The production capacity expansion has beenundertaken with the prime objective of aligningthe Company's manufacturing facility at Satna(M.P.) to keep pace with the envisaged growth indemand and migrate to the evolving technologiesfor manufacturing of Power & Control Cables, LT& HT Power Capacitors and ThermoplasticCompounds/ZeroHalogenFlameRetardantCompounds. |
This is for your information and record.
Thanking you,
Yours faithfully, For UNIVERSAL CABLES LIMITED
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(SUDEEP JAIN) COMPANY SECRETARY