Business Update10 Oct 2025, 09:21 pm
Vesuvius India Ltd Closes Visakhapatnam Plant After Commencement of New State-of-the-art Facility
AI Summary
Vesuvius India Limited has informed the Exchange about the closure of its plant at Autonagar Plant, Visakhapatnam following the commencement of commercial operation of its new state-of-the-art, Al-Si Monolithic Plant located at Parawada Industrial Area, Anakapalli. The closure of the Visakhapatnam (VS) Plant, which has contributed 18.08% of the company's turnover and INR 258.72 Lakhs to its net worth, is not expected to have any adverse material impact on the business operations or revenue of the Company.
Key Highlights
- Vesuvius India Ltd has closed its Visakhapatnam plant
- The closure follows the commencement of a new state-of-the-art facility at Parawada Industrial Area, Anakapalli
- The Visakhapatnam plant contributed 18.08% to the company's turnover
- The net worth of the Visakhapatnam plant was INR 258.72 Lakhs
- The closure is not expected to have any adverse material impact on the company's business operations or revenue