Regulation 30 of SEBI(LODR) Regulations 2015: Press Release regarding JD Cables Limited expands manufacturing capacity with Aquisition of New Facility and Investment in Advanced Machinery.
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Awaiting price reaction for this filing.
JD Cables Limited has entered into an Agreement for Sale to purchase land and building of approximately 1,18,288 sq. ft. located in Hooghly, West Bengal, from Star Battery Limited for ₹10.45 Crores. The property comes with existing sheds and structures suitable for immediate industrial use, and the Conveyance Deed is to be executed within two months. In parallel, the company has placed orders for advanced machinery worth ₹5.72 Crores for its Conductor Division, which will be installed at the new facility. The combined investment of approximately ₹16.17 Crores is aimed at expanding production capacity, improving operational efficiency, and meeting growing market demand. The company is an approved vendor for multiple state electricity boards and manufactures power cables, control cables, and aluminium conductors.
This is a positive capacity-expansion move that signals management's confidence in rising demand, but it involves a meaningful capital outlay of ~₹16 Crores without immediate revenue impact, so shareholders should monitor execution timelines and capacity utilisation in coming quarters.