Vaswani Industries announced that it would undertake some expansion activities to cater to the enhanced demand for its products.
Vaswani Industries proposes to increase existing billet production capacity from 66,000 MT, which represents a capacity utilisation of 67.18% to 1,50,000 MT. This capacity expansion is planned to be completed by April 2025 and full capacity utilization has been projected to occur by December 2025
The company will spend a total of INR 60 Crore. On this expansion of which 45% will be financed by Banks/FIs and the remaining will be from internal accruals. Vaswani Industries said that this capacity expansion was planned to to cater to higher demand from customers and to increase productivity.