Atlanta Electricals Subsidiary Approves ₹194 Crore CAPEX

Key Quantitative Figures

• Capital expenditure approved: ₹193.58 Crore

Entities Involved

• Atlanta Electricals Limited (Holding Company)
• AE Components Private Limited (Wholly Owned Subsidiary)

Purpose and Rationale

The capital expenditure is for setting up a new manufacturing facility for production of transformer tanks, frames and radiators. This forms part of the company's backward integration initiative aimed at strengthening supply chain reliability, enhancing operational efficiencies, and supporting long-term manufacturing requirements.

Funding Arrangements

The proposed capital expenditure is expected to be funded through:

• Internal accruals
• Term loans from banks/financial institutions
• Financial assistance from the holding company (Atlanta Electricals Limited), as may be required

Implementation Timeline

The project implementation is proposed to be undertaken in a phased manner, with completion targeted within a period of one year. This is subject to receipt of requisite statutory and regulatory approvals and completion of other necessary formalities.