V-Guard to ramp up capacity of its Uttaranchal cable factory

- Advertisement -

Electronics products major V-Guard Industries Ltd (VGIL) plans to double capacity at its house wiring and cable factory in Kashipur in Uttaranchal from 2.75 lakh coils to 5.50 lakh coils a month, reports the Times of India. The company has set aside capex of Rs 250 million for fiscal 2013, of which Rs 150 million will be invested in ramping up capacity at the Kashipur plant.

Besides Kashipur, VGIL operates a house wiring and cable lining production centre at Chavadi near Coimbatore. Chavadi also has a solar water heater production facility and a low tension cable factory. A second solar water heater manufacturing plant is also coming up at Perundurai near Erode.

“Rs 3 crore will be spent out of our capex allocation to set up a warehousing facility at Perundurai on five acres of land. We are also actively scouting for warehousing locations for our entire range of products in Kochi and surrounding areas,” VGIL MD Mithun Chittilappilly said.

- Advertisement -

On the company’s foray into the domestic switchgear market, which includes Earth Leakage Circuit Breakers (ELCBs), Mithun said a pilot project had been carried out in central Kerala prior to launching the switchgear and ELCBs. “The response in central Kerala has been positive and we will launch the product in north and south Kerala in the next six months, before expanding to the north Indian markets,” Mithun said. VGIL expects the nascent switchgear business to contribute Rs 10 crore to the company’s top line in fiscal 2013. It is currently developing a supply chain and sensitizing prospective vendors to various quality issues before enlisting them into its switchgear dealer network.

“We have outsourced the manufacturing to three facilities in Hyderabad and Jalgaon in Maharashtra. A third vendor will roll out switchgear for us out of Uttaranchal. Outsourcing the manufacturing process offers us savings on excise duty of upto 10 per cent,” Mithun said.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Fujitsu Joins SettleMint to Utilize Blockchain Tech

0
The global strategic agreement aims to accelerate enterprise blockchain technology and promote its use cases Japanese ICT company Fujitsu and blockchain platform SettleMint recently announced...

EVs Set to Drive Telematics Demand: Report

0
Telematics shipments in India to reach 50 mn units in 2030 The report expects that the rising Electric Vehicle (EV) demand, enhanced 4G...

Analog Devices: element14’s New Distribution Partner

0
The official statement said customers can now consolidate their design requirements from a single source with a range of new technologies, products and services Strengthening...

Exclusive

Fujitsu Joins SettleMint to Utilize Blockchain Tech

0
The global strategic agreement aims to accelerate enterprise blockchain technology and promote its use cases Japanese ICT company Fujitsu and blockchain platform SettleMint recently announced...

EVs Set to Drive Telematics Demand: Report

0
Telematics shipments in India to reach 50 mn units in 2030 The report expects that the rising Electric Vehicle (EV) demand, enhanced 4G...

Analog Devices: element14’s New Distribution Partner

0
The official statement said customers can now consolidate their design requirements from a single source with a range of new technologies, products and services Strengthening...

Important Sectors

EVs Set to Drive Telematics Demand: Report

0
Telematics shipments in India to reach 50 mn units in 2030 The report expects that the rising Electric Vehicle (EV) demand, enhanced 4G...

Printed Electronics for Smart Building Solutions

0
The two companies will collaborate to scale novel water detection tape solutions based on printed electronics Sensor-maker LAIIER and Germany-based chemical and consumer goods company...

India Assumes Chair of Global Partnership on AI

0
MoS Rajeev Chandrasekhar represented India at the Global Partnership on Artificial Intelligence (GPAI) Summit He believes National Data Governance Framework Policy with Indian...

ABB E-mobility Raises $200 Mn in Pre-IPO Pvt Placement

0
The company hopes to continue on its growth trajectory driven by both organic and M&A investments Zurich-based ABB E-mobility, a leading electric vehicle (EV) charging...

PMV’s EaS-E Electric Car Launched In India

0
With a top speed of 70 kmph, it claims to clock from zero to 40 kmph within five seconds. The nano-sized EV is...

Manufacturing

New Product Distribution Center by TI in Germany

0
The centre in Frankfurt enables same-day delivery to central Germany next-day delivery capabilities to most European-based customers.  Texas Instruments, a global semiconductor company whose presence...

Redwood to Supply High-Nickel Cathode to Panasonic

0
Despite the increasing demand, there is no cathode production at scale in North America today: Battery material maker Redwood As per the latest reports, Panasonic...
Infineon, CoolSiC

Infineon Planning New Factory in Dresden

0
The semiconductor major has enhanced its long-term financial targets after witnessing a remarkable FY22 Germany-based Infineon Technologies recently released its results for the fourth quarter...

Uno Minda To Invest Rs 400 Cr In New Light Plant

0
The plant is intended to be commissioned by Q4 FY24 The group registered its highest-ever quarterly performance recently As per the latest reports, the...

New Demonstration Facility by SASinno in Washington

0
Ant-i1 offline selective soldering machine and SELMATE-4 N2 generator are up for demonstration. SASinno that stands for “Smart and Steady Innovation”, has announced a new...