Visaka to undertake ₹100-cr expansion in Haryana.

Visaka Industries Ltd, a Hyderabad-based firm engaged in the manufacture and sale of building products and synthetic blended yarn, will take up a ₹100-crore expansion project to set up a new manufacturing unit for V-boards at Jhajjar district in Haryana.

The company’s board has approved the move to set up a new facility which will enhance the capacity by 50,000 mt.

The project, expected to be completed in nine months, will be funded via internal accruals. The company expects to commence production by March 2018.

During the first quarter, the company’s income remained flat at ₹342.30 crore, against ₹34.2.88 crore in the previous year period.

HBL