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Updated: May 02, 2025 21:32
RR Kabel Ltd has declared a massive expansion of its manufacturing capacities in its main Waghodia and Silvassa plants, reaffirming its commitment to service growing demand in the wires and cables business. The board has sanctioned capital expenditure of around ₹10.5 billion for the Waghodia plant and ₹4 billion for the Silvassa plant. The two expansions will be utilized to increase the company's manufacturing capacity for wires and cables, which have been generating 88% of its overall revenue.
The Silvassa and Waghodia facilities are already well known for their cutting-edge manufacturing technologies and synchronized production lines, with a combined aggregate annual installed capacity of 4.2 million ckm. The new investments will further consolidate RR Kabel's market leadership and enable wider product availability throughout India.
The expansion news comes after RR Kabel announced a strong set of financials for the quarter ended March 31, 2025. The firm reported a consolidated profit of ₹1.29 billion, a 64% year-on-year increase, on the back of robust demand and favorable copper prices. Consolidated revenue from operations rose by 26.4% at ₹22.18 billion in the quarter, while the wires and cables business rose by approximately 28% year-on-year. The electrical goods business, consisting of fans and switches, also saw a 13% growth in revenue.
As an incentive for its good performance, the board has suggested a final dividend of ₹3.50 a share for the year March 2025.
These financial gains and strategic investments reflect RR Kabel's capacity-building journey and dedication to expanding capacity to capitalize on new prospects in the dynamic electrical manufacturing sector
Source: Business Standard
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