Diamond Power commissions 8th MV/EHV cable line at Vadodara
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Commissioned its 8th MV/EHV power cable production line at Vadodara, Gujarat. Adds 150 km per month to existing 1050 km monthly capacity. Current utilization is 60 percent. Total investment of Rs 30 crore funded through internal accruals. Expansion driven by product demand.
Positive for revenue growth. Internal funding means no debt. 60 percent utilization leaves room to absorb new capacity.