LEEL Electricals Limited has announced the shifting of its manufacturing facility from Greater Noida, Uttar Pradesh, to Pant Nagar, Uttarakhand. Alongside this relocation, the company is implementing a significant capacity addition to its production capabilities. These strategic moves are aimed at business expansion and optimizing operational efficiency.

The company is increasing its production capacity from the existing level, which can produce inventory up to ₹100 Crores, to a proposed capacity capable of producing inventory up to ₹300 Crores. Currently, the existing capacity utilization stands at 20%. This expansion involves a total investment of ₹80-100 Crores, which will be financed through a mix of Equity and Debt. The new capacity is expected to be added tentatively within the next two years, by May 2028.

LEEL Electricals Limited, formerly known as Lloyd Electric & Engineering Limited, is a prominent player in the HVAC & R industry in India. The company specializes in designing and manufacturing heat exchangers, evaporator coils, and condenser coils for air conditioners. It serves a wide range of sectors, providing specialized HVAC systems for the Indian Railways, Metro Rail (including Kolkata and Delhi Metro), and buses. In recent 2025 updates, the company underwent significant corporate restructuring following its acquisition by Krishna Ventures Limited through NCLT proceedings. In early 2026, the company was involved in legal proceedings at the NCLT New Delhi Bench regarding debt recovery from Fedders IT Technology Pvt. Ltd.

For the last quarterly financial results announced for the period ended December 31, 2025, LEEL Electricals reported a revenue from operations of ₹5.73 Crores. This represents a growth compared to the previous quarter (Q2 FY26), which saw revenue of ₹4.75 Crores. The company achieved a net profit of ₹0.69 Crores for the quarter, an improvement from the ₹0.43 Crores profit recorded in the preceding quarter. Following the acquisition by Krishna Ventures Limited, the promoter shareholding has increased to 69.15% as of March 2026. Krishna Ventures Limited remains the most prominent institutional-level participant and strategic investor in the company’s turnaround phase.