• search

Khaitan oulays Rs 20 crore expansion plan

Written by: Staff
|

New Delhi, Apr 3 (UNI) Embarking on a diversification drive, household electrical goods maker Khaitan Electricals Ltd today announced its plan to set up a new manufacturing plant at an expense of Rs 20 crore.

The plant will manufacturing compact flourescent lamp (CFL), miniature circuit breakers (MCB) and resuidal current circuit breakers (RCCB).

The company has already invested Rs 70 lakh for acquiring 1.34 hectares of land at Kala Amb in Himachal Pradesh.

Khaitan Electricals, Chairman and Managing Director, Sunil K Khitan said, ''The diversification into CFLs, MCBs and RCCBs is a step towards tapping new markets.'' The company has now made a fresh equity invesment of Rs 6 crore by issuing 10 lakh equity share of face value of Rs 10 each to meet its increased working capital.

The total outlay for the expansion programme is Rs 20 crore and the company is all geared up to make itself the one stop shop for all electrical household requirements the release said.

UNI MP SR PC1857

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more