Finolex Cables is planning to set up a greenfield manufacturing facility

Sector: Miscellaneous - 30 Dec 2007

Finolex Cables is planning to set up a greenfield manufacturing facility in joint venture with J-Power Systems for very high voltage power cables. A new company in the style of Finolex J-Power Systems has been floated for this purpose. The project involves setting up a unit in an are of 10 acres of land to manufacture EHV cables with a capacity of 1,000 km per year at Urse near Finolex’s existing cable unit. The proposed unit will also manufacture jointing and termination accessories and provide turnkey solution for a complete installation. The Rs. 1,350 million project is to come up in three phases. As of December 2007, the company is in the process of acquiring land.

Contact Address

Finolex Cables Ltd, HO: 26/27 Mumbai-Pune Road, Pimpri, Pune -411018. Tel: 020-7475963 Fax: 7472239 \ 7470344 Email: fclahmd@finolex.com

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