Universal Cables Ltd has entered into another massive expansion project by inducing Rs 90 crore.
This latest move by the company is in view of the growing demand in extra high voltage power cables.
The company will make medium-voltage and extra high-voltage cables in its existing Satna unit, in which it has recently completed Rs 63 crore investment.
The source close to the company say, “The project activities are in full swing and commencement of commercial production is expected in the third quarter of the next fiscal.”
The reports also revealed that Universal Cables Ltd has imported machines from China for the proposed expansion project.