Crompton Greaves Consumer Electricals Limited — Important, 13-12-2024: Capacity addition

Crompton Greaves Consumer Electricals Limited plans to enhance its manufacturing capacity for ceiling fans at the Baddi Plant in Himachal Pradesh. The current production capacity stands at 40 lakh fans per annum, with 30 lakh fans being utilized. The company aims to add an additional 20 lakh fans per annum in a phased manner by March 2025, requiring an investment of ₹3 crore, which will be funded through internal accruals. This expansion underscores Crompton's commitment to improving its infrastructure and facilities, focusing on backward integration and automation to maintain its leadership in the industry. Positive outlook as this capacity addition could strengthen market position and meet rising demand.