Further to its earlier announcement made in July 2018 regarding setting up of a Greenfield Project Phase II for manufacture of Iron Casting in Andhra Pradesh, Nelcast has informed that the installation of several machinery is currently ongoing. Due to the customised nature of the machinery, some machines are expected to be delivered and installed by the end of the year. Consequent to this the trial runs will commence during H2 of the current financial year and commercial production will commence in the next financial year. The Company will intimate the exchange once it commences the commercial production. The manufacturing facility is designed with the most advanced technology which will enable it to achieve better productivity & quality and expand its product offering.
The above information is a part of company’s filings submitted to BSE.
