Pune headquartered, BSE listed company Sahyadri Industries Limited (SIL) plans to invest Rs 140 crore to set up an ultra-modern non-asbestos flat sheets (NAFS) integrated plant at Vijaywada, it was officially announced here today.
According to a company release issued here, an MoU to this effect was signed between Sahyadri Industries Ltd and the Andhra Pradesh state government last week.
Sahyadri Industries Limited Chairman Jayesh Patel said that the Vijaywada plant will be set up at an investment of Rs 140 crore and produce NAFS with an annual installed manufacturing capacity of 1,00,000 tonne.
The capacity expansion is expected to take the company's total installed capacity of NAFS to more than 2,00,000 tonne per annum.
"SIL's green building products will play a part in building the upcoming Smart Capital City of Andhra Pradesh. The unit will get its principal raw materials like cement and fly-ash from within the state. Almost 25,000 tonne of fly-ash will be consumed helping the state's power plants dispose off the waste in a useful manner," Sahyadri Industries Ltd Managing Director Satyen Patel said.
