Mumbai, Dec. 18 -- This strategic initiative is expected to support expansion and diversification of the company's business operations and its sustainable growth.

The company plans to initially launch the product(s)/service(s) and assess market response to ascertain the investment required. The final investment outlay will be decided based on various factors, including anticipated scale of operations, market opportunity, operational needs, and prevailing external conditions, to ensure optimal deployment of capital.

Bajaj Electricals, a part of Bajaj Group, makes consumer products (appliances, fans, lighting) and executes EPC contracts (illumination, transmission line towers and power distribution).

The company reported a 23.6% decline ...