With reference to earlier intimation dated 04th February 2021 related to the Expansion of Plant situated at Perundurai Tamil Nadu, Sahyadri Industries has informed that Board at its meeting held on 26th May 2021 revisited the overall requirement for the expansion and approved reduction in the cost of expansion from Rs 80 Crores to Rs 60 Crores. As informed earlier, expansion will increase the capacity of Asbestos Flat Sheets and Non-Asbestos Flat Sheets manufacturing by 72000 MT p.a. which would be funded by Debt and Internal accruals. Commencement of commercial production is expected to start in the 4th Quarter of 2021-2022.
The above information is a part of company’s filings submitted to BSE.
