Indo Tech Transformers Limited — Important, 31-12-2024: Capacity addition

The Board of Directors has approved a capital expenditure proposal of INR 75 Cr for enhancing plant capacity to 16,000 MVA, set to be executed over the financial years 2024-2027. The existing capacity stands at 9,500 MVA, with a utilization rate between 80-90%. The proposed addition of 6,500 MVA will be completed by March 2027. Financing will be through internal accruals and bank borrowings (term loan), which indicates a strategic move to boost production capacity and meet anticipated demand. This enhancement positions Indo Tech Transformers for potential growth, solidifying its competitive stance in the market. Investors should watch closely for developments related to this expansion plan.