Vesuvius India to build new manufacturing facility at Vizag

23 Sep 2022 , 03:22 PM

Vesuvius India Limited (VIL) announced on Friday that it has laid the foundation stone of a new manufacturing facility at Perwada, Visakhapatnam.

This facility will be the latest addition to the existing manufacturing facilities at Kolkata, Visakhapatnam, and Mehsana. 

As per the regulatory filing, VIL, through its proposed wholly owned subsidiary, will invest approx. Rs57 crore in 1st phase. This is in addition to roughly Rs100 crore investments in progress in building capabilities and capacities in different plants in Kolkata and Vizag.

This facility once commissioned will produce latest generation Mould flux product and will further strengthen VIL product & service portfolio; and enhancing solution for customer, the company said on Friday.

At around 3:00 PM, Vesuvius India Ltd is currently trading at Rs1,591.30 per share down by Rs8.25 or 0.52% from its previous closing of Rs1,599.55 per share on the BSE.

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