Diamond Cables Ltd has informed that the Board of Directors of the Company at its meeting held on January 28, 2008, inter alia, has approved the following:
1. Setting up a Green Field Project to manufacture Transmission Towers at Village Haripura, Ta. Savli, Dist. Vadodara with the capacity of 48,000 MT at an estimated cost of Rs 32 Crores. The land for the said plant as already been acquired by the Company, the Project will go on Stream before March 2009.
2. Expansion project for manufacture of LT Aerial Bunched cables and LT Power Cables for 25,000 Kms at Village Vadadala Ta Savil at an estimated cost of Rs 38 Crores, the said project will go in June 2008. On Completion of the said expansion Project, the Company will become the Third largest Power Cables Manufacturer in India.
1. Setting up a Green Field Project to manufacture Transmission Towers at Village Haripura, Ta. Savli, Dist. Vadodara with the capacity of 48,000 MT at an estimated cost of Rs 32 Crores. The land for the said plant as already been acquired by the Company, the Project will go on Stream before March 2009.
2. Expansion project for manufacture of LT Aerial Bunched cables and LT Power Cables for 25,000 Kms at Village Vadadala Ta Savil at an estimated cost of Rs 38 Crores, the said project will go in June 2008. On Completion of the said expansion Project, the Company will become the Third largest Power Cables Manufacturer in India.
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