ELGI Equipments has provided an update on the timelines for its planned capacity expansion at Kinathukadavu, Coimbatore, initially announced in May 2024. The enhancement for the Global Support Center (GSC) is now expected in Q1 of FY 2026-27. The expansion for the Diesel-Powered Screw Air Compressor (DPSAC) production is postponed to Q4 of FY 2027-28 due to statutory approval delays, though revenue impact is negated.
Capacity Expansion Timeline Adjustment
ELGI Equipments Limited has formally communicated a revision to the anticipated completion timelines for its planned infrastructure expansion project located at Kinathukadavu, Coimbatore. This project is dedicated to increasing production capacity for air compressors and parts delivery.
Revised Completion Forecasts
The company detailed specific changes to the phased enhancements:
- Global Support Center (GSC): The capacity addition, previously slated for completion by Q4 FY 2025-26, is now expected to be operational in Q1 of FY 2026-27.
- Diesel-Powered Screw Air Compressor (DPSAC): The planned enhancement for DPSAC production has been moved to Q4 of FY 2027-28.
These extensions are attributed to delays in obtaining requisite statutory and regulatory approvals. It is important to note that the company stated these delays have not affected the current revenue stream of ELGI Equipments.
Disclosure Confirmation
This intimation serves to update stakeholders regarding the timeline shifts announced in the initial communication dated May 27, 2024. The full notice is accessible on the company’s official website, www.elgi.com.
Source: BSE
