Business Update1 April 2026 at 12:01 pm
Everest Industries Defers Setting Up of Manufacturing Facility in Andhra Pradesh to FY 2026-27
AI Summary
Everest Industries Ltd. has announced the deferment of setting up a manufacturing facility in R. Ananthpuram, Andhra Pradesh, for the Steel Building Division. The initial plan, which was announced on March 21, 2025, has been postponed to the financial year 2026-27. The decision comes after re-evaluation and discussions with Andhra Pradesh Industrial Infrastructure Development Corporation Ltd (APIIDC).
Key Highlights
- Everest Industries defers setting up of manufacturing facility in Andhra Pradesh to FY 2026-27
- The decision is a result of re-evaluation and discussions with APIIDC