The record
Written from the 1 report below. Nothing here is unsourced.
- Finolex Cables is looking to Karnataka's infrastructure investments in data centres, semiconductors, GCCs and AI to boost demand for its communication and power cables.
- The south contributes about 40 per cent of its turnover, with Karnataka accounting for roughly a quarter of that.
- The company has expanded regional warehousing and distribution, and has nearly completed its ₹580-crore capex programme covering solar cables, optical fibre preform and plant capacity additions.
- It also aims to nearly double its FMEG business from about ₹270 crore to ₹500 crore, and says Karnataka could host a manufacturing plant in future.
What to watch next
- Any announcement of a new manufacturing facility in Karnataka
- Progress on the remaining portion of the ₹580-crore capex programme
- Growth of the FMEG business towards the ₹500-crore target
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Named India · Karnataka · Amit Mathur · Finolex Cables
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