Shilchar Technologies informed the exchange that it is expanding its productions facilities from 4000 MVA TO 5000 MVA.
This expansion will be led by an extension of the existing Power Transformer shop floor.
The company said that this expansion would complete by the end of this financial year. In addition, manufacturing facilities of Electronic and Telecommunication Transformers would be shifted from the existing Bil plant to the Gavasad factory. Both put together, this would require a capital expenditure around Rs.10 crore.