NEW DELHI: Hyderabad Industries Ltd, a GP-CK Birla Group firm, has started a new asbestos manufacturing plant in Satharia in Uttar Pradesh and has plans to open two more plants of 1.25 lakh tonnes per annum capacity.
The plant has been constructed at a cost of Rs 30 crore and has installed indegeniously manufactured equipments. The product are slated to be despatched from May 18, a company release said.
The plant will cater to the markets of Uttar Pradesh, Bihar, Chhattisgarh, West Bengal, Madhya Pradesh and Nepal, the release said.
HIL Board has approved two more plants of 1.25 lakh tonnes per annum capacity, each at the cost of Rs 60 crores and has also approved a new AAC Blocks plant at an investment of Rs 40 crore.
The company, however, did not say when the new plants would be started or where they would be located.
With the commissioning of Satharia plant, HIL has increased its manufacturing capacity by 1.25 lakh tonnes per annum to an overall sheeting capacity of 7.5 lakh tonnes per annum, the release said.
“With the boom in the infrastructure industry, we foresee higher demand for our products,” HIL’s managing director O P Jagetiya said.