Announced Wed, 23 Sept, 2026 · 14:46 IST
Board approves purchase of geyser manufacturing plant for Rs 16.5 Cr
WEL · price
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Price reaction · full curve 14 horizons · vs prior close
-7.9%1-day move
₹80.40
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₹77.12
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AI summary
The board approved acquiring a geyser manufacturing plant (excluding land) from Onkar Engine and Generator Private Limited. The deal involves about Rs. 16.50 Crores plus tax, funded through bank borrowings. This will add 20 percent capacity within one year, on top of the existing 25,000 units per month. The company says this will improve profits and provide business during the off-season for fans.
Likely market impact
Positive capacity expansion but adds Rs 16.5 Cr debt; could improve margins and provide seasonal business offset.