Finolex to Produce Solar Cables Using Controlled Electron E-Beam Technology

Finolex Cables has announced a significant expansion of its manufacturing capabilities. The company has allocated a capex of INR 200 crore over the next few months for enhancing its manufacturing capabilities at Urse, Pune.

Finolex has procured specialised radiation technology equipment to set up a manufacturing plant at Urse to produce solar cables using controlled electron e-beam technology. This will enable the firm to produce high-quality solar cables and add value to the solar power industry.

Besides solar, this capex is directed towards enhancing production capabilities to meet the requirements of the automotive and construction sectors. 

Recognising that consumers are seeking practical and energy-efficient appliances, Finolex has also entered the small home appliances segment with the launch of a range of steam and dry irons. It is also planning to enter the smart switches and smart door lock categories.

The company is committed to maintaining its strategic edge through ongoing investment in state-of-the-art manufacturing facilities and innovative product development.