STOCKWATCH

Vesuvius India Ltd Closes Visakhapatnam Plant After Commencement of New State-of-the-art Facility

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.

• 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