Visaka Inds sets up Rs 36cr plant in Nalgonda

Visaka Industries Limited has commissioned a new facility for the manufacture of reinforced building boards (RBB) products at Miryalaguda in Nalgonda district of Andhra Pradesh.

The project has been set up at a cost of Rs 36 crore, funds for which were raised through a qualified institutional placement in January 2007.

“The demand for false roofing and partition boards is increasing by 15-20 per cent a year due to increased construction activities whereas availability of wood-based material is dwindling by around 10 per cent. RBBs have been slotted to capture this gap,” G Vivekanand, managing director, said.