Finolex Cables Ltd. to set up a Preform Plant at Urse, Pune.

Finolex Cables Ltd will set up a plant at Urse facility, Pune to produce Optical Fibre Preforms as well as expand on its Fibre draw capacity.

The plant with an initial capacity of 100 Tons of Preforms, is being set up at a cost of Rs. 290 Cr approx., and would be funded entirely out of internal accruals. The construction will commence upon receipt of necessary regulatory approvals. The production from this new plant is expected to commence in 15 months approximately from the date of commencement of construction of plant.

The plant's capacity would be scalable and would be expanded at a later date subject to market requirements.

EQUITYBULLS