V-Guard Industries Ltd (VGIL) plans to double capacity at its house wiring and cable factory at Kashipur in Uttarakhand. The capacity will be doubled from 2.75 lakh coils to 5.50 lakh coils a month. The company has set aside capex of Rs.25 crore for fiscal 2013, of which Rs.15 crore will be invested in ramping up capacity at the Kashipur plant. Besides Kashipur, VGIL operates a house wiring and cable lining production centre at Chavadi near Coimbatore.

Meanwhile, the company has carried out a pilot project in central Kerala prior to the launch of its new product rangeswitchgear and ELCBs. The response in central Kerala has been positive. The product will be launched he product in north and south Kerala over the next six months, before expanding to the north Indian markets.

In an independent development, private equity capital firm Nalanda Capital has reportedly raised its equity stake in VGIL to around 5.03 per cent.

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