Financial Daily from THE HINDU group of publications
Wednesday, Feb 23, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Corporate - New Projects


Visaka to set up fibre cement sheet plant in UP

Our Bureau

Hyderabad , Feb. 22

WITH the successful completion of its Tumkur unit in Karnataka, Visaka Industries Ltd is setting up another 1.2 lakh tonnes per annum (tpa) fibre cement sheet plant in Rai Bareilly district of Uttar Pradesh at a cost of Rs 25 crore.

The new plant (to be funded through internal accruals and debt) is expected to commence production next fiscal. The land has been identified and the acquisition process is in progress, the Managing Director, Dr G. Vivekanand, told reporters here on Tuesday.

Dr Vivekananda said that VIL was also considering setting up a garment unit with an investment of Rs 55 crore, a weaving unit (Rs 53 crore) and a cotton yarn unit (Rs 93 crore). Subject to board approval, the company would set up the garment and weaving units next fiscal and the cotton yarn unit in 2006-07. The details of three projects were being worked out.

He said that the Tumkur plant commenced trial production on Monday, while the commercial production is expected to start from March 1. With the Tumkur project, the total capacity of Visaka Industries' Fibre Cement Sheet Division will go up to 3.4 lakh tpa. After completion of the Rai Bareilly unit, the capacity would further increase to 4.6 lakh tpa.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Syngene plans to set up another research centre


Mahindra launches CRDe-fitted Scorpio
Escorts starts production of engines for diesel gensets
Mallya to make open offer for 25 pc of SWC at Rs 250/share
Mitsubishi Heavy to acquire SRP Tools
GSK Biologicals to set up vaccines facility in Nashik
Visaka to set up fibre cement sheet plant in UP
Auditors of vanishing cos come under MCA lens
GAIL forms jt venture with China Gas
Torrent, AstraZeneca in research tie-up
Avestha ties up with US co Sequenom
Geodesic bonus issue
Govt to consider Dunlop plan to use building sale proceeds
ONGC to pump in Rs 2,800 cr in Bassein field
Hikal set to unveil two blockbuster drugs in US
ITC Paperboards eyes growth through backward linkages


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line