SEIL/Sec./SE/2022-23/40 | September 7, 2022 |
The Manager | The Secretary |
Listing Department | BSE Limited |
National Stock Exchange of India Ltd | Phiroze Jeejeebhoy Towers, |
Exchange Plaza, Bandra Kurla Complex | Dalal Street |
Bandra (East), MUMBAI 400 051 | MUMBAI 400 001 |
Fax # 022-2659 8237/8238/8347/8348 | Fax # 022-2272 3121/2037/2039 |
Symbol: SCHNEIDER | Scrip Code No. 534139 |
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")
Dear Sir(s)/Madam,
This is to inform that the Board of Directors of the Company at their meeting held on September 6, 2022, have considered and approved, enhancing the production capacity of Vacuum Interrupters & Vacuum Circuit Breakers by setting up a manufacturing unit in Kolkata, subject to requisite approvals, as may be required.
In reference to the above, please find below the required details, in terms of Regulation 30 read with Para B of Part A of Schedule III of the Listing Regulations:
S.No. | Particulars | Disclosures | ||
(a) | Existing | Capacity of | the | 80k MV Vacuum Interrupters. |
Company | ||||
(b) | Existing Capacity utilization | ~90% | ||
of the company | ||||
(c) | Proposed Capacity Addition | 180k MV Vacuum Interrupters and MV Vacuum Circuit | ||
Breakers assembly lines | ||||
(d) | Period | within which | the | FY 2023-24 to FY 2027-28 with progressive investment. |
proposed capacity is to be | First mature production in 2025 | |||
added | ||||
(e) | Investment required | 1380 MINR to be incurred over a period of 3 years | ||
(f) | Mode of financing | Internal accruals and/or borrowings | ||
(g) | Rationale | Meeting domestic demand as well as increase export to | ||
Schneider Electric global entities to accelerate Make in | ||||
India for Global, aligned with Atmanirbhar Bharat initiative | ||||
of the Government of India. |
The Company will host other updates related to the investment of the new set up in the event of its occurrence.
We request you to please take the above information on your record.
Thanking you.
Yours Sincerely,
For Schneider Electric Infrastructure Limited
Bhumika Sood Digitally signed by Bhumika Sood
Date: 2022.09.07 11:01:42 +05'30'
(Bhumika Sood)
Company Secretary and Compliance Officer
Schneider Electric Infrastructure Limited
Corp. Office: 9th Floor, DLF Building No.10.Tower C, DLF Cyber City, Phase II, Gurgaon - 122002, India; Tel: +91 124 7152300; Fax.: +91 (0) 124-422 2036; www.schneider-infra.in
Regd. Office: Milestome-87, Vadodara - Halol Highway, Village Kotambi, Post Office Jarod Vadodara -391510,InternalGujarat; Tel: +91 02668 664300 Fax: +91 664621; CIN: L31900GJ2011PLC064420
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Schneider Electric Infrastructure Ltd. published this content on 07 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2022 12:59:07 UTC.