On November 9, 2023, Vesuvius India Limited (VIL) laid the foundation stone for a new plant being set up for manufacturing of monolithics refractory with a proposed capacity of 120,000 tonne per annum, at Anakapalli (Visakhapatnam), Andhra Pradesh. The company had made an announcement to the Stock Exchange(s) on July 26, 2023, regarding the investment of INR 87,700 million approximately (to be funded through internal accruals) for setting
up this plant, as aforesaid. Once commissioned, this plant will manufacture monolithics refractory products which will further strengthen product & service portfolio of VIL and will enhance solution for its customers. This plant will be in addition to the other two plants of VIL being setup for manufacturing of basic monolithic and mold flux within the same location, for which VIL had made previous announcements on September 8, 2022 and October 20, 2022.