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Vesuvius India to incorporate new wholly owned subsidiary

09 Sep 2022 Evaluate

Vesuvius India has received approval to incorporate new wholly owned subsidiary (private limited company), to be funded through internal accruals. The investment will involve an amount of around Rs 57 crore for a new manufacturing facility at Vizag. The board of directors of the company at its meeting held on September 8, 2022, has approved the same.

Vesuvius India is primarily a manufacturer and trader of refractory and is managed organizationally as a single unit.

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