Sudal Industries to set up Rs 250-crore unit in Dhule

  • | Tuesday | 28th March, 2017

We have already enhanced the capacity from 300 metric tonnes per month to 450 metric tonnes so far. The total production capacity of the new manufacturing unit will be around 20,000 metric tonnes per annum. "Apart from this, the company is expanding its roots to Nardana MIDC, near Dhule with a new manufacturing facility. This will be the mega project for manufacturing aluminium extrusion and alloys. We will reach 800 metric tonnes in the next few months.

Nashik: An additional 250 jobs might open up by December next year as Sudal Industries Ltd is planning to invest Rs 250 crore in setting up a new manufacturing facility for aluminium products near Dhule The new manufacturing unit will be located at Naradana industrial estate of Maharashtra Industrial Development Corporation (MIDC), around 30 km from Dhule.Sudal Industries, a Bombay Stock Exchange listed company, is also in the process of expanding its production capacity at its existing unit. The expansion at its Nashik facility will generate employment for 100 more professionals.The company is in the business of manufacturing aluminium extrusion and alloys, having more than 9,000 diess of various size & shapes to meet consumer needs.Managing Director of Sudarshan Industries, Sudarshan Chokhani told TOI, "We are in the business of manufacturing aluminium products. We are in the process of expanding our production capacity of the Nashik facility. We have already enhanced the capacity from 300 metric tonnes per month to 450 metric tonnes so far. We will reach 800 metric tonnes in the next few months. This expansion will provide jobs to 100 more people. The total production capacity of the new manufacturing unit will be around 20,000 metric tonnes per annum."Apart from this, the company is expanding its roots to Nardana MIDC, near Dhule with a new manufacturing facility. "We have already bought 40 acres of land in MIDC. This will be the mega project for manufacturing aluminium extrusion and alloys. We had signed an MoU with the state government four years back, but could not start the project due to a slowdown. Now, we are going to start the construction work for the building from October this year and the proposed manufacturing unit will start operations within a year after, that is by October-end of 2018," said Chokhani.He said that the new facility will provide employment to around 250 working professionals.The company is also expected to register a sales turnover of Rs 95 crore in the current financial year 2016-17 and has set a sales turnover target of Rs 140 crore during the next financial year 2017-18.

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

NYOOOZ FRIEND

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.


Stay updated with all the Latest Nashik headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles