Apar Industries Limited — Important, 18-11-2024: General Updates

APAR Industries Limited has detailed a substantial capacity addition for its Continuous Transposed Conductor (CTC) division, set to enhance annual production capacity from 7,350 MT to 20,490 MT by Q3 FY26. The investment required for this expansion is Rs. 72.55 Cr, which will be financed through internal accruals and debt. The move aligns with the National Electricity Plan, which anticipates significant growth in India's transmission infrastructure, with plans to add 1,91,474 ckm of transmission lines and 12,74,185 MVA of transformation capacity by 2032. This expansion is expected to triple APAR's current capacity, enabling the company to better meet the increasing demand due to government prioritization in power and generation. The company's leadership in transformer oils positions it strategically to leverage synergies within its expanding CTC operations, reflecting a positive outlook for both domestic and global markets.