Announced Sat, 4 Jul · 17:38 IST
Lux Industries to invest about Rs 600 crores in Dankuni plant expansion
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AI summary
Board approved capacity expansion at Dankuni, West Bengal unit. Total project cost about Rs 600 crores including land, new capex about Rs 450 crores. Adds 18 to 20 crore pieces capacity against existing 12 crore pieces at 80 percent utilisation. Phased completion over 6 years, payback about 5 years. Incremental annual revenue expected at Rs 900 to Rs 1000 crores. About 9000 direct and indirect jobs planned. Funded via internal accruals and debt.
Likely market impact
Major capex to nearly double capacity. Mixed funding may pressure short-term returns, but long-term revenue addition is material.