Visaka Industries zooms on getting nod for capacity expansion, setting up construction chemicals unit
Visaka Industries is currently trading at Rs. 97.35, up by 11.23 points or 13.04 % from its previous closing of Rs. 86.12 on the BSE.
The scrip opened at Rs. 89.90 and has touched a high and low of Rs. 97.71 and Rs. 88.67 respectively. So far 416621 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 90.37 on 07-Aug-2025 and a 52 week low of Rs. 50.42 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 97.71 and Rs. 81.00 respectively. The current market cap of the company is Rs. 831.47 crore.
The promoters holding in the company stood at 53.40%, while Institutions and Non-Institutions held 0.18% and 46.41% respectively.
Visaka Industries has secured approval for capacity expansion of fibre cement boards and calcium silicate boards by 72,000 MT per annum (MTPA) by setting up of new plant at Tonk, state of Rajasthan. The Board of Directors of the company at its meeting held on August 6, 2026 has approved the same.
The estimated capex for the capacity expansion is Rs 175 crore, to be funded partly by internal accruals and partly by borrowings. The new capacities are estimated to be commissioned by December, 2027 for commercial production. The company has an existing capacity of 3,42,000 MTPA, operating at 100% capacity utilization rate. The capacity expansion is aimed at supporting long term business growth, and improving market competitiveness and profitability and ROCE.
Additionally, the board has approved setting up of manufacturing of construction chemicals line at Tumkur, Karnataka with an estimated capex of Rs 10 crore. The construction chemicals offers significant strategic synergies with the company’s existing product portfolio.
Visaka Industries is engaged into the business of manufacture, trading and construction activity of cement fibre sheets, fibre cement boards & panels, solar panels, synthetic yarn and trading of green products, eco-friendly products, sustainable products, organic products.
