At meeting held on 30 July 2015
HSIL announced that the Board of Directors of the Company at its meeting held on 30 July 2015, has approved investment in the following projects:1. Capital Expenditure of Rs.105 crore for putting up plant for manufacturing of CPVC and UPVC pipes and fitting used in plumbing and sanitation. The Company has entered into agreement with Sekisui Chemical Co., Japan (around USD 9 billion turnover company) for supply of CPVC resin. This product line is extension of building product portfolio.
2. Capital Expenditure of around Rs.112 crore towards setting up a project for producing security Caps and Closures required for protection of products from counterfeiting. This product will be a value addition to the existing portfolio of the Packaging Products Division of the Company. In this regards, the Company has also filed for necessary product patents.
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