Brief: Finolex Cables Says Co To Set Up A Plant At Urse Facility, Pune

Finolex Cables

20/04/2023 13:49

April 20 (Reuters) - Finolex Cables Ltd  FNXC.NS :
    * FINOLEX CABLES LTD - CO TO SET UP A PLANT AT URSE
FACILITY, PUNE
    * FINOLEX CABLES LTD - PLANT WITH AN INITIAL CAPACITY OF 100
TONS
OF PREFORMS, IS BEING SET UP AT A COST OF 2.9 BILLION RUPEES
    * FINOLEX CABLES LTD - TO SET UP PLANT TO PRODUCE OPTICAL
FIBRE
PREFORMS AS WELL AS EXPAND ON ITS FIBRE DRAW CAPACITY
    * FINOLEX CABLES LTD- PRODUCTION FROM NEW PLANT IS EXPECTED
TO
COMMENCE IN 15 MONTHS APPROXIMATELY FROM DATE OF COMMENCEMENT OF
CONSTRUCTION
    * FINOLEX CABLES LTD - PLANT'S CAPACITY WOULD BE SCALABLE,
WOULD
BE EXPANDED AT A LATER DATE SUBJECT TO MARKET REQUIREMENTS

Source text for Eikon:  ID:nBSE1VsC10 
Further company coverage:  FNXC.NS 

 ((Reuters.Briefs@thomsonreuters.com;))