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Visaka Industries to invest Rs 100 cr in expansion of its V-Boards division

Capital Market 

Visaka Industries is undertaking expansion of its V-Boards division by setting up a new unit in the state of Tamil Nadu.

The existing capacity of the unit is 1,70,000 MTs and capacity utilisation is 80%.

The company proposed to add capacity to the tune of 50,000 MTs. The capital expenditure for the expansion is Rs 100 crore to be funded through internal accruals.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 06 2019. 15:39 IST
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