Board of Directors of the Sahyadri Industries Limited at their meeting held on February 03, 2022 gave approval to set up of new unit within state of Maharashtra for manufacturing of Non Asbestos Cement Board having a capacity of 72,000 MT PA. The company will incur capex of INR 950 million and the commercial production is expected to commence by first quarter of financial year 2024-25. The Expenditure will be funded mostly by internal accruals and debts.

With this unit, the company would be able to expand its existing market in Western part of India, Export and would be able to enter unrepresented market of North India.