Hyderabad Inds in Rs 100 cr expansion

Hyderabad : Hyderabad Industries Limited (HIL), a CK Birla group company engaged in the production of asbestos cement products, has embarked on a Rs 100-crore expansion plan besides shifting its focus on manufacturing green building products.

HIL managing director Abhaya Shankar told Business Standard that the company was in the process of adding another asbestos sheets production line at its Satharia plant in Uttar Pradesh involving an investment of Rs 50 crore.

"The new production line will have a capacity of 100,000 tonnes per annum (tpa) taking our total installed capacity to 1 million tpa. Following this, we will be one of the largest producers of asbestos cement sheets in the world," he said.