Bajaj Electricals Limited has announced its decision to enter the 'Wires' business as a new product line within its existing 'Lighting Solutions' segment. This strategic move aims to facilitate the expansion and diversification of the company's business operations for sustainable growth, driven by the increasing demand in the Wires Industry.

The company is planning to launch the new product line shortly. The investment required for this venture will be determined based on various factors, including the scale of business, operational requirements, and prevailing external market conditions. Bajaj Electricals will provide further updates to the stock exchanges on any material developments as per regulatory requirements.