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Vesuvius' Board approves capex for monolithic refractory unit in AP

Thursday, 27 Jul 2023
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The Board of Directors of Vesuvius India has approved a capex of Rs 87.70 crore for setting up a new monolithic refractory unit at Anakapalli in Visakhapatnam, Andhra Pradesh.

With the proposed additional capacity of 1,20,000 tpa, the company seeks to boost its manufacturing capacity to meet the growing demand.

Vesuvius India will bring the fund for the project through its internal accruals and expects to complete the project by September, 2024.

 
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