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Sahyadri Industries Limited, which is into building materials will set up a Rs 140 crore, ultra-modern non-asbestos flat sheets integrated plant at Vijayawada.
The Pune-based company signed a memorandum of understanding with the Andhra Pradesh Government recently. The Chairman of Sahyadri Industries, Jayesh Patel said the plant will produce non-asbestos flat sheets (NAFS) etc with an annual installed capacity of one lakh tonnes.
This will get the Group’s total NAFS installed capacity to over 2 lakh tonnes per annum. The Vijayawada plant is planned on contemporary designs and futuristic systems. It will facilitate direct investment to Andhra Pradesh in the fields of manufacture of cellulose fibre boards and material useful in the Prime Minister’s Swach Bharat Abhiyan initiative for women empowerment and below the poverty line families.
The unit will get its raw materials like cement and fly ash from within the State. Almost 25,000 tonnes of fly ash will be consumed helping the power plants in disposing off the waste, the company claimed in a press release. The green building products will also become part of the building of the upcoming smart capital city of Andhra Pradesh.
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