MMP Industries Limited has informed the Exchange regarding a press release dated Jun 30, 2025, titled "Investors Press Release for MMP Electricals Private Limited- Wholly owned subsidiary of MMP Industries Limited".
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MMP Industries' 100% subsidiary, MMP Electricals Private Limited, has begun commercial production of silicone composite insulators at its Nagpur facility. The total project cost is ₹35–40 crore, with Phase I (₹17–18 crore) already completed and Phase II (₹15–20 crore) targeted for completion by Q4 FY26. The plant has an annual capacity of 10 lakh (1 million) units, starting with insulators up to 33 kV and planning to scale up to 765 kV for transmission and substations. Initially, the subsidiary will serve MMP Industries' existing aluminium cables and conductors customers while building new domestic and export relationships. This marks the company's diversification beyond its core aluminium business into high-performance electrical components for India's power grid infrastructure.
This is a positive development for shareholders as it signals diversification into a higher-value electrical components segment riding on India's growing grid and energy transition demand, with Phase II capex completion by Q4 FY26 acting as a near-term milestone to track. The move could support long-term revenue growth, though near-term margins may be affected by the ₹35–40 crore capex outlay and ramp-up costs.