| The company is setting up a manufacturing unit at Roorkee in Uttarakhand at an investment of Rs 75 crore and it will be commissioned this fiscal. |
| Everest Industries, which manufactures fibre cement corrugated roofing sheets, flat boards, solid wall panels, press boards and other complete building solutions, has four manufacturing facilities at Dindori (near Nashik in Maharashtra), Kymore (Madhya Pradesh), Kolkata (West Bengal) and Coimbatore (Tamil Nadu) and the company is setting up its fifth manufacturing unit at Roorkee in Uttarakhand. |
| Y Srinivasa Rao and Manish Sanghi, both executive directors, Everest Industries Ltd, told Business Standard, "We have recorded a 20 per cent growth in turnover, to Rs 303.77 crore during fiscal 2006-07, as compared to the previous fiscal. We have set the target of 20 per cent growth in sales turnover in the present fiscal. We expect to touch a turnover of Rs 500 crore by the end of the next fiscal year (FY 2008-09)." |
| "We have undertaken a capacity expansion plans to meet the demand. The company is setting up a manufacturing facility at Roorkee in Uttarakhand at an investment of Rs 75 crore. The facility is nearly complete and is expected to start the commercial operation by the end of the present fiscal. The manufacturing capacity of Roorkee plant will be 122,000 metric tonnes of roofing sheets and 60,000 metric tonnes of flat boards per year and 600 solid wall panels per day," they said. |
| Presently, the manufacturing capacity of Dindori (Nashik) plant is 1 lakh metric tonnes of roofing products per year. The company is also spending a few crore of rupees on expansion at Dindori facility. |
| The new line is being expanded here to manufacture flat board. After establishment of the new line, the capacity of manufacturing flat boards will reach upto 80,000 metric tonnes per year. |
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