New Launch26 Feb 2025, 01:06 am
Everest Industries to Invest Rs. 138 Crores in New Fibre Cement Boards Plant in Assam
AI Summary
Everest Industries Ltd. announced that its wholly owned subsidiary, Everest Buildpro Private Limited, has received in-principle approval for a CAPEX of Rs. 138 crores to set up a new Fibre Cement Boards plant at Matia, Goalpara, Assam. The plant will have a capacity of 72,000 MTPA. The CAPEX is expected to be funded by equity and/or debt. The rationale behind this investment includes Assam being a natural market for Boards with high demand, and the plant's ability to serve the demand in the East. This investment will enable Everest Industries to have an all-India presence in all four zones.
Key Highlights
- Everest Buildpro Private Limited to invest Rs. 138 crores in a new Fibre Cement Boards plant in Assam
- The plant will have a capacity of 72,000 MTPA
- The CAPEX is expected to be funded by equity and/or debt
- Assam is a natural market for Boards with high demand
- This investment will enable Everest Industries to have an all-India presence in all four zones