Sahyadri Industries Ltd board approves expansion Perundurai plant
Posted On: 2021-02-04 01:37:17 (Time Zone: Arizona, USA)
The Board of Directors of Sahyadri Industries Ltd vide resolution passed at their meeting held on February 03, 2021, approved the expansion of Plant situated at Perundurai, Tamil Nadu to increase the capacity of Asbestos Flat Sheet and Non-Asbestos Flat Sheets manufacturing 72000 MT Per Annum. Expected Cost of expansion is INR 80 Crores which would be funded by Debt and Internal accruals.
The commencement of commercial production is expected to start in the 4th Quarter of 2021-2022.
Shares of SAHYADRI INDUSTRIES LTD. was last trading in BSE at Rs.351.9 as compared to the previous close of Rs. 346.15. The total number of shares traded during the day was 41617 in over 638 trades.
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