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EPACK Durable Ltd & Hisense India entered Partnership to manufacture ACs & Home Appliances
💼 Hisense India partners with EPACK Durable to manufacture Air Conditioners & Home Appliances in India for both domestic & global markets.
📊 The collaboration aims to enhance production capacity, tech innovation and streamline manufacturing, targeting premium-quality products with eco-friendly processes.
🏗 EPACK's new factory in Andhra Pradesh, expected to start by FY28, will have an initial production capacity of 1 million units.
💰 Expected additional revenue: ₹1 billion over the next 5 years for EPACK.
📅 On Oct 19, Intelsat's IS33E satellite experienced a power outage, impacting services leased by Nelco. As of Oct 20, the satellite was confirmed to be unrecoverable.
🔄Nelco has initiated backup plans to migrate affected customers to alternative satellites & anticipates no material financial impact from this event.