Apar Industries Limited — Updates, 18-11-2024: Press Release

APAR Industries Limited is set for a significant capacity expansion in its Continuous Transposed Conductor (CTC) division, aiming to enhance annual production capacity to 20,490 MT by Q3 FY26, tripling its current levels. This initiative is driven by anticipated demand growth linked to the National Electricity Plan, which outlines substantial increases in both transmission lines and transformation capacity through 2032. The expansion, requiring an investment of ₹72.55 Cr, is expected to strengthen APAR's market positioning in India and globally. The company plans to utilize internal accruals and debt for financing this project, which aligns with government priorities in power generation. Investors should note the potential for enhanced market penetration and synergies with APAR's existing transformer oil business, suggesting a positive outlook for the company as it capitalizes on rising sector demands.