VHCL Industries Ltd targets to commission a new Aluminium Alloy Plant

VHCL Industries Ltd’s Board of Directors reviewed the progress of their upcoming projects under metal division in a meeting that took place on 24th March, 2014.

The Board noted the new Aluminum Alloy plant’s commissioning progress in its first phase. The capacity of the plant was 36,000 MTPA as per the schedule and would start the pretrial activities within 2014 March. This would be further followed by trial runs and commercial production will start in a few months. The Board observed aluminium alloy is in demand and the capacity added by the company will find an immediate market. Aluminium alloy is used in automobiles, food packaging housing & construction and even in electrical switch gear and also cable industries. This plant will help in generating additional revenue to their Rs. 450 Cr. when the operation starts.

The Board also discussed the second phase progress, an EOU unit to produce non-ferrous alloys with a total capacity of 18000 MTPA. The company also announces that the new project is technically feasible as well as economically viable and they need to be implemented in this year. This second phase will bring additional revenue to tune of Rs. 350 Crore as soon as the company starts operating completely. The construction activity was scheduled in a way to enable project’s commissioning by 2015 March.

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