Announced Wed, 28 Oct, 2026 · 18:23 IST
Board approves ₹60 crore steel taps capacity expansion
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
The board approved about ₹60 crore to add 10 lakh units a year of steel taps capacity. Existing capacity is 36 lakh units a year with 80 to 92 percent use. Completion is expected in 1 to 1.5 years, financed by internal funds and debt. This equals about 38 percent of September net worth of ₹159 crore. Quarter revenue rose 14 percent to ₹72.22 crore, but profit fell 5 percent to ₹7.92 crore.
Likely market impact
The expansion may support future sales and product growth, but debt funding and execution risk could weigh on cash flow and returns.