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Universal Cables Ltd. — Capital/Financing Update 2020
Sep 19, 2020
60880_rns_2020-09-19_b16b6055-e3a8-4a73-bb30-47a57917de09.pdf
Capital/Financing Update
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Ref : UCL/SEC/2020-21
19[th] September, 2020
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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 – 400 051
Scrip Code : 504212 Scrip Code : UNIVCABLES EQ
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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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Existing Capacity (Manufacturing) (i) Power & Control Cables of all types including
other insulated Cables – 11,000 K.M. per
annum.
(ii) LT & HT Power Capacitors of all types
equipped with APFC Panel facility -1,500
MVAR per annum.
Existing Capacity Utilisation Optimal Level
Details of Capacity Addition (i) Expansion of production capacity of Power &
Control Cables of all types including other
insulated Cables from 11,000 K.M. per annum
to 18,000 K.M. per annum;
(ii) Expansion of production capacity of LT & HT
Power Capacitors of all types equipped with
APFC Panel facility from 1,500 MVAR per
annum to 4,500 MVAR per annum; and
(iii) Establishment of production capacity of all
types of Thermoplastic Compounds/Zero
Halogen Flame Retardant Compounds by
3,600 M.T. per annum.
Period within which the capacity is Commencement of Production with effect from
to be added 18 [th] September, 2020.
Investment Total outlay of fixed capital investment of approx.
Rs. 117 Crores.
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Mode of Financing Term Loan / Internal Accruals
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| Project Rationale | The production capacity expansion has been undertaken with the prime objective of aligning the Company's manufacturing facility at Satna (M.P.) to keep pace with the envisaged growth in demand and migrate to the evolving technologies for manufacturing of Power & Control Cables, LT & HT Power Capacitors and Thermoplastic Compounds/Zero Halogen Flame Retardant Compounds. |
This is for your information and record.
Thanking you,
Yours faithfully, For UNIVERSAL CABLES LIMITED
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(SUDEEP JAIN) COMPANY SECRETARY