Hey there, finance enthusiasts! ๐ Ever wonder what goes on behind the scenes as companies plan for future growth? Well, Bajel Projects Limited (BAJEL) just gave us a peek into their ambitious plans, announcing a significant capacity expansion at their Ranjangaon facility. This move is all about gearing up for the future and meeting growing market demands. ๐
So, what’s the big news? Bajel Projects is set to nearly triple its galvanization capacity! Currently, their Ranjangaon plant boasts an existing capacity of 40,500 MT per annum for galvanization bath and product manufacturing. With an impressive 98% utilization rate, it’s clear they’re already running at full throttle.
But they’re not stopping there. The company plans to expand its total galvanization capacity to a whopping 110,000 MT per annum. That’s a massive jump, adding 69,500 MT to their existing capabilities! To make this happen, Bajel Projects is proposing an investment of โน170 Crores. This substantial investment will be funded through a mix of internal accruals and debt, showing a balanced approach to financing their growth.
When can we expect to see this expansion come to fruition? The company anticipates adding this new capacity in phases, starting from Q4 FY26 and continuing through Q4 FY27. This phased approach allows for a smooth transition and integration of the new facilities.
Why the big push? The rationale behind this significant expansion is clear: to meet the increasing captive demand and boost sales in both the domestic and international markets. It’s a strategic move to capitalize on opportunities and strengthen their position in the industry. โจ
This expansion highlights Bajel Projects’ commitment to growth and their proactive approach to scaling operations to cater to future market needs. Keep an eye on this space as they embark on this exciting journey of expansion!
source: Corporate Announcement