Per a report in The Times of India, RR Kable plans to invest more than 1,000 crore (one crore equals approximately $131,000 as of April 16). “We are having major expansion plans at our facility in Vadodara and Silvassa. The manufacturing capacity will be ramped up and new facilities will also be set up,” said Shreegopal Kabra, group president and managing director, RR Kabel. He added that about Rs 650 crore will be invested in wire and cable, Rs 200 crore in lighting and fan, and the rest in the production of switchgear. He said that the company will also increase its employee strength amid the expansion.
“We will hire about 2,500 employees in the next three years. Our current employee strength is 5,000 employees and we plan to take it to 10,000 in the next few years,” Shreegopal told TOI. The company has also set up a new plant in Waghodia where it will manufacture an entire range of switch products. Their exports currently stand at 27% of their production. The management also said that it will increase the number of women employees from the current 9% to 25% in the next five years. Established in 1986, RR Kabel currently has Rs 9,000 crore of annual turnover. They recently announced the acquisition of Luminous Home Electrical business from Schneider.
“This acquisition will further strengthen the company’s consumer electrical business,” said the release. noting that the transaction is expected to close in May this year. RR Kabel is the flagship company of RR Global and it is among the leading wire and cable manufacturers in India.