KSH International approves ₹185 crore Phase-3 magnet wire expansion

KSH International (NSE: KSHINTL) has approved capital expenditure of up to ₹185 crore for a new Phase-3 expansion of Specialized Magnet Winding Wires at its Supa facility, it said in a filing on 04 Nov 2026. The company says the expansion would ultimately take total capacity to about 72,200 MT by Q1 FY 2028-29.

Key highlights

• Capital expenditure: up to ₹185 crore, approved 04 Nov 2026
• Total capacity after expansion: about 72,200 MT by Q1 FY 2028-29
• Existing capacity: 57,845 MT at 75% utilisation
• Board meeting: 05:00 p.m. to 05:54 p.m. (IST), 04 Nov 2026

The expansion in numbers

Scope and timing of the approval

KSH International's board approved capital expenditure of up to ₹185 crore on 04 Nov 2026 for a Phase-3 expansion of Specialized Magnet Winding Wires at the company's Supa facility.

The company says the expansion would ultimately increase its total capacity to approximately 72,200 MT by Q1 FY 2028-29, from 57,845 MT now. Existing capacity utilisation is 75%, according to the same filing.

How the project fits the company

The company says the rationale is to improve product mix, increase operational efficiency and strengthen its ability to meet increasing customer demand.

The approved amount is about 2.8% of the company's market value of ₹6,677 crore at the 04 Nov 2026 close. In the latest quarter, Q1 FY27 on a standalone basis, the company reported total income of ₹1,172.42 crore and net profit of ₹42.22 crore.

What the expansion means for KSH International's shareholders

The expansion adds a Phase-3 project to the company's capacity plan, and the company says it will be financed through internal accruals, debt, or a combination of both.

Not stated: how the ₹185 crore will be split between internal accruals and debt, how the spending will be phased before Q1 FY 2028-29, and what revenue or profit the added capacity is expected to bring. The next dated step is the capacity addition due by Q1 FY 2028-29.