Inflame Appliances to increase capacity, achieves highest monthly production in Sep 2022

Inflame Appliances Limited (Security Id.: INFLAME, Security Code: 541083) has achieved monthly production of 18143 units in September 2022. This is the highest production volume achieved by the Company surpassing the previous highest of 14040 units done in the month of July, 2022.

The Company has initiated towards enhancing the production capacity to 1000 units per day and this is going to be achieved by December 2022. The existing capacity is 800 units per day and additional 200 units per day capacity addition is proposed at an outlay of Rs. 2,15,00,000 which will be raised through internal accruals. In this regard new Laser and Bending machines have been installed and further some more machines are expected to be installed by the end of November 2022.

Mr. Anusheel Kaushik s/o Mr. Amit Kaushik has joined business at Inflame Appliances Limited as Vice President. He has been placed at Hyderabad plant and would be in-charge for implementing new manufacturing project at Maheshwaram, Hyderabad. This new facility at Hyderabad would be at par with any European standards.

The Company's shed of 12800 Sq. Ft. located at Village Bagwali, Khasra No. 40114-15-16-17/ 1, Block - Raipur, Rani, NH - 73, Panchkula-134202 where Fire Accident occurred in February 2022, has been reinstated.

Source : Equity Bulls

Keywords

InflameAppliances Production September2022 Volume CapacityExpansion