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Astral's announcement on commencement of production at new Hyderabad plant
Manufacturing - Sep 07,2024 -Astral Ltd Executive Director and Chief Financial Officer Hiranand Savlani said that the company is all set to commence the commercial production of pipes from its upcoming Hyderabad plant from the first week of July.
Astral is setting up a 70,000-tn-per-annum capacity pipemaking plant at Hyderabad in Telangana and a 60,000 tn per annum unit at Kanpur in Uttar Pradesh.
"We should be able to begin commercial production from the Hyderabad unit from July 1 or first week," Savlani told Informist. "We plan to operationalise 25,000 tn capacity at Hyderabad in the first phase."
In March, Informist had reported, quoting Savlani, that the Hyderabad plant would be operational from June.
Savlani said construction work on the Kanpur plant had begun, adding that the company expects to begin commercial production at the unit by the end of the current financial year.
This, he said, will help Astral realise full revenue from this plant in the next financial year.
Astral defines its business in two verticals - plumbing and paints being the first, and adhesives the second. Plumbing includes pipes, fittings, water tanks, faucets and sanitary ware.
The company's current installed capacity across eight plants is nearly 350,000 tn per annum.
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