Vesuvius India Limited, a customised refractory solutions provider laid the foundation stone for a new plant being set up for manufacturing of monolithics refractory with a proposed capacity of 120,000 tonne per annum, at Anakapalli (Visakhapatnam), Andhra Pradesh.
VIL had previously informed the exchange, on July 26, 2023, regarding the investment of approximately INR 8770 Lakhs, (to be funded through internal accruals) for setting up this plant.
Once commissioned, this plant will manufacture monolithic refractory products which will further strengthen product & service portfolio of VIL and will enhance solution for its customers.
This plant will be in addition to the other two plants of VIL being setup for manufacturing of basic monolithic and mold flux at the same location.