ASI Industries has received approval from its Board of Directors for diversifying into an Engineered Stone project with an installed capacity of 600,000 square meters per annum with a capital outlay of about Rs 200 crore ($27.50 Million) funded from internal accruals and bank borrowings.
The company is at an advanced stage of negotiation for technology to produce Engineered Stone with a world-renowned machinery manufacturer. The diversification into the Engineered Stone business has synergies with existing business and is expected to broad base our business mix. The company is currently in negotiation with SEZs’ for acquisition/lease of land for the project. The proposed project is expected to be completed in 15 months.
ASI Industries offers a wide range of stones that can be divided into following categories: Kota Stone, Stone Cobbles,Sandstone,Slate Granite,Limestone Stone,Furniture Stone,Artifacts,Garden Accessories.The company also in the business segment of Stone, Trading, Wind Power.
| Company Name | CMP |
|---|---|
| Coal India | 456.35 |
| NMDC | 88.80 |
| GMDC | 684.70 |
| Sandur Manganese | 241.35 |
| MOIL | 315.65 |
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