22 Jan 19 | 16:00
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
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Enhancing Additional Manufacturing Capacity Of Optical Fibre Cable (OFC) At Hyderabad From 7 Million Fibre Kilometer (FKM) To 10.5 Million FKM |
Approved the proposal of enhancing additional manufacturing capacity of Optical Fibre Cable (OFC) at Hyderabad from 7 million Fibre Kilometer (FKM) to 10.5 million FKM where the Company is already setting up Optical Fibre (OF) and OFC manufacturing facilities.
We disclose hereunder the following information related to proposed enhanced additional capacities of OFC manufacturing:
a.Existing capacity : 8 million FKM approx.
b.Exiting capacity utilization : 96%
c.Work in progress : 7 million FKM
d.Proposed capacity enhancement in addition to (c) above: 3.5 million FKM
e.Post capacity addition: 18.5 million FKM
f.Period within which the proposed Capacity is to be added: By June, 2019
g.Additional Investment required
for enhancement of capacity: Rs.35 Crores
h.Mode of financing:Internal accruals/Term Loans
i.Rationale: Increase in demand of Optical Fibre Cable in India as well as world Market.
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23 Jan 19|03:14 (IST)