MMP Industries Limited has commenced the production of Low Tension Power Cables (LTPC) at its Bhandara manufacturing facility, marking its strategic entry into the power cable segment. The new facility, established with an installed capacity of 100 MT per month, will support product validation, customer approvals, and process optimisation. This development is part of the company's broader strategy to expand its portfolio of value-added electrical infrastructure products.

The Bhandara facility is designed to facilitate a phased scale-up of commercial operations. Alongside this milestone, the company is advancing the construction of a Greenfield Low Tension Power Cable and Covered Conductor manufacturing facility at MIDC Umred, Maharashtra. This project, with a planned manufacturing capacity of 6,000 MTPA, is progressing in line with the company's execution roadmap.

Expansion Details

The expansion initiatives aim to enhance manufacturing capabilities across the power transmission and distribution value chain. The following table outlines the key details of the current and upcoming facilities:

Management Commentary

Arun Bhandari, Managing Director of MMP Industries Limited, stated that the commencement of production reflects the company's focus on expanding into adjacent, value-added businesses. He highlighted that the initiative strengthens the electrical infrastructure portfolio and reinforces the commitment to creating sustainable long-term value.

Bhandari further noted that investments in India's power transmission and distribution network, renewable energy, and industrial infrastructure are expected to drive demand for high-quality cable solutions. The company intends to focus on disciplined execution, consistent product quality, and building long-term customer relationships as it scales the business.

MMP Industries Limited's board has approved a proposal to seek financial assistance from banks or financial institutions under the Emergency Credit Line Guarantee Scheme (ECGLS) to bolster its working capital. The decision was taken during Meeting No. 2 of FY 2026-27 held on June 27, 2026. This move is intended to provide the company with necessary liquidity to fund its operational needs.

The approval was granted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board specifically authorized the company to approach financial institutions for the credit facility. The assistance is sought in the nature of ECGLS, a government-backed scheme designed to support businesses with additional credit facilities.

The disclosure was submitted to the National Stock Exchange of India Limited (NSE) to inform shareholders and the market about the board's decision. The filing confirmed that the meeting transacted the approval among other matters. The company's CS & Compliance Officer, Madhura Singh, signed the disclosure on behalf of mmp industries .

The table below summarizes the key details of the board meeting:

The approval allows the company to secure funds specifically for working capital purposes. The ECGLS facility provides a guarantee cover to lending institutions, thereby facilitating access to credit for eligible borrowers. The company will now proceed with the necessary applications to the concerned financial institutions to avail of the sanctioned credit limit.