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Microtek to infuse Rs 500 crore to boost electric product business

Friday, 03 Dec 2021
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Microtek is planning to make an investment of Rs 500 crore to boost its electric product business over the next one year.  
 
The company will primarily make investments in research and development and ramping up the manufacturing of its products. 
 
The company has crossed Rs 250 crore revenue and is targeting to cross Rs 400 crore revenue and invest Rs 500 crore in the next one year. The company at present is engaged in the manufacturing of power inverters, solar solutions, electric vehicle chargers, wires and cables, among others.
 
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