APAR Industries Ltd announces expansion of capacity under CTC business

APAR Industries Limited (BSE: 532259, NSE: APARINDS), the world's largest conductor manufacturer, 3rd largest transformer oil manufacturer and India's largest renewable cables manufacturer today announced expansion of production capacity for its Continuous Transposed Conductor ("CTC") business to cater to increased demand available on account of focused prioritisation by Government in Power and Generation Equipment. Post the expansion, the total annual production capacity for CTC will be 20,490 MT gradually by the 3Q FY26 which will be 3x of current levels.

Commenting on the proposed expansion Mr. Manish Agrawal, CEO - Conductor and Telecom division said, "As per National Electricity Plan released in Oct '24, 1,91,474 ckm of transmission lines (from 4,56,716 ckm to 6,48,190 ckm) and 12,74,185 MVA of transformation capacity for 220 kV and above voltage levels (from 10,70,950 MVA to 23,45,135 MVA) are planned to be added during the period 2022-32.

We are optimistic on the prospects of the transmission segment in India and worldwide. The proposed expansion will augment our existing market penetration in the CTC segment. Further, as the customer base for transformer oil and CTC are the same, we strongly believe we will be able to synergise our leadership strength in the transformer oil segment to further expand the CTC business globally."

Shares of Apar Industries Limited was last trading in BSE at Rs. 9483.80 as compared to the previous close of Rs. 8815.70. The total number of shares traded during the day was 12704 in over 2592 trades.

The stock hit an intraday high of Rs. 9689.10 and intraday low of 8800.05. The net turnover during the day was Rs. 120454887.00.

Source : Equity Bulls

Keywords

AparIndustries INE372A01015 CapacityExpansion CTCBusiness