Pursuant to regulation 30 with schedule III of SEBI we are please to inform you that company has been granted In-Principle-Approval under Copper Clad Laminate(CCL).
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Envair Electrodyne Ltd has received In-principle approval from IPICOL (Industrial Promotion & Investment Corporation of Odisha Limited) for setting up a Copper Clad Laminate manufacturing project in Odisha. The project entails an investment of Rs. 136.87 Crores with a timeline of 2 years. This is a greenfield manufacturing initiative subject to final order and terms and conditions. The approval marks a significant expansion into the CCL segment, which is used in PCB manufacturing.
This represents a major capex commitment that could significantly expand the company's manufacturing footprint and revenue potential, though the investment is still subject to final regulatory approvals and terms.