To cater to the growth fuelled by large-scale infrastructure developments, renewable energy uptake, expansion in the telecom sector and advances in mobility solutions, Ravin Group, which is into cable manufacturing, has announced to invest ₹500 crore in five years to add capacity.
This investment is likely to enhance production capacity by 300-400% to address the increased demands of metros, airports, renewable energy initiatives, and industrial use, the company said. “With the introduction of electric mobility and the transition from fossil fuels to electricity, the need for high-end cabling solutions will increase. We are committed to innovation and sustainability to drive this change,” said Vijay Karia, Chairman & Managing Director, Ravin Group.