Board approves Rs 202 Cr expansion in SS Hose and Liquid Cooling divisions
AEROFLEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.1 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Aeroflex Industries board approved a combined Rs 202 Cr expansion plan. SS Hose and Braiding capacity to rise from 20 to 30 million meters annually, plus a new assemblies plant, costing Rs 124 Cr. Liquid Cooling SFN Skid capacity to double from 15,000 to 30,000 pieces annually, costing Rs 78 Cr. Both projects to complete by March 2028. Funded via internal accruals, equity, and bridge loans. Existing utilization around 70 percent.
Positive growth signal with Rs 202 Cr expansion. Capacity around 70 percent utilized, showing room for demand. Some equity dilution possible.