HIL begins asbestos production at new plant in Satharia, UP
Mumbai, May 18 (UNI) Hyderabad Industries Ltd (HIL) today announced it has commissioned a new asbestos plant in Satharia near Jaunpur in Uttar Pradesh.
The company, a part of the GP-CK Birla Group, began its product despatch today from Satharia plant and seeks to cater to its markets in Uttar Pradesh, Bihar, Chhattisgarh, Madhya Pradesh, West Bengal and Nepal, said a HIL press release.
Commenting on the development, HIL's Managing Director O P Jagetiya said, ''With the boom in the infrastructure industry, we foresee higher demand for our products. We have not only expanded capacity to tap this increased demand, but by investing in technology have assured that the market will benefit from our superior quality products.'' He pointed out that a significant portion of its Rs 30 crore outlay has been spent on installing state-of-the-art equipment at the Satharia plant. With this, HIL has increased its manufacturing capacity by 1.25 lakh tonnes per annum to an overall sheeting capacity to 7.5 lakh tonnes per annum. Second phase of the same capacity will be established at a later stage, according to Mr Jagetiya.
Meanwhile, HIL's board has approved two more plants of 1.25 lakh tonnes per annum capacity each requiring a total investment of about Rs 60 crore. It has also received approval for a new blocks plant with an investment of Rs 40 crore, while simultaneously evaluating plans for substantial expansion at existing locations.
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