Mumbai, March 13 -- The company further informed that the new plant at Sanand will cater to the new orders received from OEM customers for advance lighting solutions. The Project is expected to be commissioned by Q1 of FY2024-25.

With respect to the Chakan plant, the company stated that this project will cater to the new orders received from OEM customers for advance lighting solutions. The project is expected to be commissioned by Q3 of FY2024-25.

The existing capacity of the Chakan plant is 25.38 lakh lamps per annum and the utilization rate of 80.85%,

The company proposes to add a capacity of 8.50 lakh lamps per annum to the said plant. The capex for the same would Rs 152.60 crore and the project would be funded via a mix of debt an...