Hyderabad-based Visaka Industries, one of country’s largest manufacturers of fibre cement boards, is in talks with several state governments for usage of its integrated solar panel with a concrete base as roofs in their affordable housing projects and is setting up a manufacturing unit in Telangana for the same.
The company is in talks with state governments of Telangana, Delhi and West Bengal currently.
According to Vamsi Gaddam, joint managing director, Visaka Industries, “While we have already submitted proposals to the three state governments, Telangana government has responded positively and has asked us to carry out pilot projects in 3 houses each in Sangareddy and Yadadri districts which are being constructed under the government’s 2BHK scheme”.
The company is investing Rs 10 crore in their new plant in Miryalguda for their product named Atum and the plant will be operational in the next three months.
“The 60 megawatt per annum capacity plant will cater to the industrial segment and later on we will look at tapping the residential roofing solutions market,” said Gaddam. Read more
Latest posts by The Economic Times (see all)
- Solar power firm FRV in talks with funds to sell India project - June 19, 2018
- Centre Plans To Set Up National Discom - June 19, 2018
- HPCLTo Introduce Cashless Payment Service At Select Outlets - June 19, 2018