Wipro to set up new switches unit in Uttaranchal

18 January 2007

Bangalore: Wipro plans to start a new facility in Uttaranchal to manufacture switches in the next six months. The company is in the process of searching for suitable land in the area.

The company has doubled the capacity of its fatty acids manufacturing plant at Baddi in Himachal Pradesh and is looking at setting up a lighting and switching unit in Baddi also.

Investments for the proposed expansion would be met from the already earmarked budget of Rs60-Rs70 crore for the current year.

For the December quarter, Wipro Consumer Care and Lighting reported revenue of Rs211.4 crore, a year-on-year growth of 36 per cent and a profit before interest and tax (PBIT) of Rs26.2 crore, a year-on-year growth of 25 per cent.

Wipro Consumer Care accounted for 5 per cent of Wipro's total revenue and 3 per cent of PBIT.