Bajaj Electricals Limited has announced its decision to enter the 'Wires' business as a new vertical under its existing 'Lighting Solutions' segment. This strategic move is aimed at expanding and diversifying the company's business operations for sustainable growth, driven by the increasing demand in the Wires Industry.

The company plans to launch its wire products shortly. A detailed market assessment will be conducted to determine the required investment, which will be influenced by factors such as the scale of operations, business requirements, and prevailing market conditions.

Bajaj Electricals will continue to provide updates to the stock exchanges on any significant future developments as per regulatory requirements.