Vesuvius India lays foundation stone of new manufacturing facility at Perwada

23 Sep 2022 Evaluate

Vesuvius India (VIL) has laid the foundation stone of a new manufacturing facility at Perwada, Visakhapatnam. This facility will be the latest addition to the existing manufacturing facilities at Kolkata, Visakhapatnam, and Mehsana.

VIL, through its proposed wholly owned subsidiary, will invest approximately Rs 57 crore in 1st phase. This is in addition to roughly Rs 100 crore investments in progress in building capabilities and capacities in different plants in Kolkata and Vizag. This facility once commissioned will produce latest generation Mould flux product. It will further strengthen VIL product & service portfolio; and enhancing solution for customer.

Earlier, Vesuvius India had 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 Visakhapatnam (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.

Vesuvius India Share Price

3337.00 132.40 (4.13%)
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Company Name CMP
RHI Magnesita 549.55
Vesuvius India 3337.00
IFGL Refractories 540.65
Orient Ceratech 47.68
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