Vesuvius India has received approval for proposal of capex of around Rs 87.70 crore (to be funded through internal accruals) for setting up a new plant for manufacturing of Monolithics Refractory at Anakapalli (Visakhapatnam), Andhra Pradesh. The company has proposed capacity addition to 120,000 tonne per annum. The Board of Directors of the Company at its meeting held on July 26, 2023, has, inter-alia, approved the same.
Vesuvius India is primarily a manufacturer and trader of refractory and is managed organizationally as a single unit.
