Everest to set up Rs 50 cr manufacturing facility in Orissa

Mumbai : Eyes 20 to 25% year-on-year growth for next five years. Everest Industries Ltd (EIL), one of India’s fastest growing building solutions companies, will set up a new fibre cement roofing plant at Balasore in Orissa within a year. The company will invest close to Rs 50 crores in the project.

The company is eyeing 20-25 per cent year-on-year growth for the next five years. The company is also planning to provide smart steel building solutions for small projects like schools, colleges and villa."With an aim to meet the market demand, we are setting up a new fibre cement roofing manufacturing facility at Balasore in Orissa at an investment of Rs 50 crore.