Vesuvius India Limited has informed the Exchange about Closure of Company s Plant at Autonagar Plant, Visakhapatnam 530012 following the commencement of commercial operation of the Company s new state-of-the-art, Al-Si Monolithic Plant at located at Plot Nos. 70, 71, 72 & 74, E-Bhonangi, Parawada Industrial Area, Lankelapalem, Anakapalli 531021
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Vesuvius India has shut down its older Autonagar plant in Visakhapatnam after its new, state-of-the-art Al-Si Monolithic Plant at Lankelapalem, Anakapalli began commercial operations. The new facility, located across Plot Nos. 70, 71, 72 & 74 in the E-Bhonangi industrial area, has replaced production from the old plant. This marks a transition to a more modern manufacturing setup for the company's refractory products business. The closure appears planned and tied to the successful commissioning of the new unit.
The shift to a more advanced plant could improve production efficiency and product quality over the medium term, while near-term costs of transition may apply. For shareholders, this signals execution of the company's capacity expansion plans but does not indicate any change in business outlook.