Sahyadri Industries has received approval for 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 Rs 80 crore which would be funded by Debt and Internal accruals. Commencement of commercial production is expected to start in the 4th Quarter of 2021-2022.
Sahyadri Industries is a well known group in Building Material Industry based at Pune. The group founded by Late L. B. Patel, who ventured into the trade to timber and building materials, sensing the Urban and Rural needs for developing shelters to people of all income groups way back in 1947.
