Board approves capacity expansion of 2,000 kg for gold jewellery manufacturing
UTSSAV · price
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Utssav CZ Gold Jewels board approved a capacity expansion at its facility for gold jewellery manufacturing, plain casting and office space. Existing capacity is 1,500 kg per annum at 50 percent utilisation. The expansion will add about 2,000 kg per annum, taking total capacity to roughly 3,500 kg. Investment required is around Rs 10 crores, funded through internal accruals and bank cash credit limit. The expansion is targeted for completion in FY 2026-27.
Positive growth signal funded internally so no dilution expected, but adds capex and execution risk. Watch for utilisation ramp-up.