West Coast Optilinks achieves Milestone by Doubling Capacity for Optical Fiber Cable Production

West Coast Optilinks (WCO), a division of West Coast Paper Mills Limited (A SK Bangur group enterprise), and a prominent Indian manufacturer and exporter of Optical Fiber Cable has announced that the Company has successfully doubled its manufacturing capacity for Optical Fiber Cable by setting up a new manufacturing unit at Fab City, Hyderabad, Telangana.

The newly commissioned plant has started its commercial production today. While the initially projected timeline for the plant's commissioning was set for 1st April 2024, the Company has successfully reached this milestone well before the original schedule. This development aligns with the Company's commitment to meeting the rising demand driven by global 5G rollouts and is in line with the objectives of Atmanirbhar Bharat and the Digital India initiative.

Mr Virendraa Bangur, Joint Managing Director, West Coast Paper Mills Limited said, "We are excited to announce the successful doubling of our manufacturing capacity, which reflects our commitment to scale up and achieve leadership position along with customer satisfaction. The timely completion of this project positions us to meet the increasing demand for highquality Optical Fiber Cable and play a vital role in the ongoing global digital transformation. This expansion underscores our dedication, especially in the context of advancing 5G technology and the broader digital transformation agenda in India".

The Company is presently manufacturing a diverse range of Optical Fiber Cables at its facility in Mysore to meet the demands of the global telecom and utilities sectors. Besides being a prominent player in the Indian market, the company exports its Optical Fiber Cables to Europe and the MEA region. The manufacturing unit in Fab City, Hyderabad, Telangana, will be the second unit after Mysore. The infrastructure at this site is designed to support quick expansions, enabling further and quick doubling of capacity in Hyderabad.

Mr Rajesh Bothra, Chief Financial Officer, West Coast Paper Mills Limited said, "This strategic expansion not only strengthens our production capabilities but also reinforces our commitment to meet the growing demand for high-quality Optical Fiber Cables. This positions us for sustained financial success in the rapidly evolving telecommunications industry and adds to the company's financial strength and market positioning."

The company is also currently working on establishing its own Optical Fiber Draw Towers factory at the Fab City site in Hyderabad, Telangana. This facility will cater to the Optical Fiber needs of both Cable units. Construction activities are progressing as scheduled, and the company is optimistic about starting commercial production ahead of the target date.

Shares of West Coast Paper Mills Limited was last trading in BSE at Rs. 622.65 as compared to the previous close of Rs. 632.50. The total number of shares traded during the day was 11453 in over 800 trades.

The stock hit an intraday high of Rs. 635.15 and intraday low of 618.15. The net turnover during the day was Rs. 7196935.00.

Source : Equity Bulls

Keywords

WestCoastPaperMills INE976A01021 WestCoastOptilinks CapacityExpansion OpticalFiberCable