Schneider Electric Infrastructure Ltd announces expansion project

The Board of Directors of Schneider Electric Infrastructure Limited at their meeting held on September 6, 2022, have considered and approved, enhancing the production capacity of Vacuum Interrupters & Vacuum Circuit Breakers by setting up a manufacturing unit in Kolkata, subject to requisite approvals, as may be required.

The existing capacity of 80k MV Vacuum Interrupters is at ~90% capacity utilization. The capacity will be increased by 180k MV Vacuum Interrupters and MV Vacuum Circuit Breakers assembly lines at an outlay of Rs. 138 crores to be incurred over a period of 3 years. The funding will be done through internal accruals and/or borrowings.

The rationale behind expansion is to meet the domestic demand as well as increase export to Schneider Electric global entities to accelerate Make in India for Global, aligned with Atmanirbhar Bharat initiative of the Government of India.

Source : Equity Bulls

Keywords

SchneiderElectricInfrastructure ProductionCapacity ExpansionProject VacuumInterrupters VacuumCircuitBreakers