Vindhya Telelinks Shares Surge 10% as Board Approves INR650 Million Expansion for Specialty Fiber Cables
Vindhya Telelinks (NSE:VINDHYATEL, BOM:517015) received board approval to increase the production capacity of specialty optical fibre cables at its Rewa manufacturing facility in Madhya Pradesh, India, with a 650 million Indian rupee investment, according to a Saturday filing to the Indian stock exchanges.The company's shares were up over 10% in Monday's trade.With this additional capital investment of 650 million rupees, the total outlay for expansion has increased to 1.02 billion rupees from 367.0 million rupees.After the capacity expansion, the manufacturing capacity of specialty optical fibre cables will increase to 3.0 million fibre kilometres (FKM) per year from its existing capacity of 0.5 million FKM per year.The increased capacity is slated to be fully operational by the end of March 2027.
