Vesuvius India’s board approved a proposal for the additional Capex of approximately Rs 36 crore (to be funded through internal accruals) for setting up a manufacturing plant at Vizag under the proposed wholly owned subsidiary which is being incorporated pursuant to the approval of the Board accorded on September 8, 2022. The Board of Directors of the Company at its meeting held on October 20, 2022, has approved the same.
Vesuvius India is primarily a manufacturer and trader of refractory and is managed organizationally as a single unit.
