Group Nirmal announces ₹100 crore capex to boost steel wire and aluminium production capacity

Group Nirmal plans to significantly expand production this year with a ₹100 crore investment in their Orissa and West Bengal units to meet growing market needs and effectively scale operations. 

Group Nirmal (Nirmal Wires), a prominent name in the Indian wire and cable industry, has announced plans for a major investment aimed at increasing its production capacity in both steel wire and aluminium. Varun Saraf, the Director of Nirmal Wires Pvt Ltd, outlined the company’s vision to boost its steel wire production capacity by an impressive 7,000 tons per month and aluminium production capacity by 5,000 tons per month within the current fiscal year. This strategic expansion will be supported by a substantial financial commitment of ₹100 crores, as shared by Saraf.

This investment reaffirms the company’s dedication to meeting the growing demands of a diverse clientele across various sectors, including power, construction, agriculture, fencing, railways and general engineering.  The majority of this investment will be directed towards their manufacturing facility in Khurda (Orissa), with the remaining portion being allocated to upgrading their manufacturing facility in Deulti (West Bengal).

With well-established production cycles and efficient lead times, Group Nirmal is determined to complete the capacity expansion within the current calendar year. Saraf expressed this objective clearly by stating, “Given our ongoing production cycle and short lead times, we aim to complete this expansion within the current calendar year to meet growing demand efficiently.”

This investment not only seeks to strengthen the company’s market presence but also reaffirms its strong reputation for delivering high-quality products while maintaining a commitment to sustainability in all its manufacturing processes. It reflects Group Nirmal’s proactive approach to adapting to market dynamics and reinforcing its position as a leader in the industry.