SCHNEIDER ELECTRIC I

534139
End-of-day quote Bombay Stock Exchange - 06:00 2021-04-11 pm EDT
89.60 INR -6.96%

SCHR ELEC : Capacity addition/product launch

09/07/2022 | 09:00am

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

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.

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