From the AR of FY23:
It is in an advanced stage of setting up of state of the art manufacturing and testing facilities for phase I.
In phase I, the Company will set up facilities for manufacturing of
- Low voltage power cables with capacity of 200 km/month. This project is nearing completion.
- Medium voltage power cables with capacity of 90 km/month and Low voltage power cables (small) with capacity of 250 km/month. Production is expected to start by 2nd half of 2023-24.
In phase II, the Company will explore facilities for manufacturing of new products and upgrading the capacity of existing products.
Website: Fort Gloster Industries Ltd
Displayed Products:
Any cable domain expert who can help to judge the potential of these products, expected revenue and profitability from proposed scale of the business?
From the AR of FY23:
The Company is setting up a composite jute mill in Bauria to manufacture Jute and its allied products aggregating to 138 MT per day in two phases. Proposed installed capacity in phase I is 92 M.T. per day and in phase II: 46 M.T. per day.
It is expected that commercial production will commence for phase I by March 2024 instead of March 2023 as originally planned.
Balance sheet reflects ballooned CWIP for ongoing CAPEX for the above items:
Anyone among VP tribe who has experience with this business and promoter?
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