Everest Industries has received approval for Capital expenditure (CAPEX) of Rs 125 crore to set up a new manufacturing facility for Steel Buildings Division (ESBS) through a wholly owned subsidiary or by the Company at Gudipalli, Andhra Pradesh or any other appropriate location in South India, subject to the receipt of requisite approvals. The Board of Directors of the company at their meeting held on February 20, 2023 approved the same.
The said CAPEX would enhance the existing capacity of 72,000 MTPA to 114,000 MTPA for ESBS Division. It is expected that said CAPEX would be operational by March 31, 2024.
Everest Industries (EIL) is one of India’s fastest growing building solutions company. The company provides the world-class building solutions to meet construction requirements, in the Industrial, commercial and residential sectors.
