BirlaNu mulls ₹167 crore fibre cement board plant in Telangana
BirlaNu (formerly HIL) has received board approval to invest ₹167 crore in a new fibre cement board plant in Hyderabad. The project aims to increase production capacity by 72,000 tonnes per annum over the next two years.
Why it matters
This expansion reflects industrial growth in the building materials sector and highlights corporate investment trends in Telangana.
BirlaNu (formerly HIL) plans to establish a new fibre cement board plant in Hyderabad as part of its greenfield expansion plans.
The estimated investment on the manufacturing facility is ₹167 crore, including cost of acquisition of land parcel, the home and building products and services, the company said while announcing its Board’s approval for the proposal.
The capacity proposed to be added is 72,000 tonnes boards per annum and the project is expected to be completed in 24 months. The existing capacity is 1.32 lakh tonnes per annum and current capacity utilisation is 80%, BirlaNu said in a filing to the stock exchange.
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