more-inBuilding products and synthetic yarn maker Visaka Industries Ltd is setting up a plant to manufacture V-Boards at Jhajjar in Haryana. The investment on the plant, with an initial capacity of 50,000 tonnes, will be ₹100 crore. Announcing that the Bhoomi puja was performed on Sunday, the company said the plant is being set up to meet the demands of growing market. Visaka Industries, which was set up in 1981, commenced manufacture of corrugated cement fibre sheets in 1985 with a plant near Hyderabad. Senior executives of the company shared information on the new plant in Haryana at a press meet here on Friday to announce the financial results for the quarter ended June.

Source: The Hindu August 11, 2017 17:15 UTC