AVP Infracon Limited — Updates, 16-12-2024: Press Release

AVP Infracon Limited has made a strategic investment to enhance supply chain efficiency through the establishment of a new crusher unit. The company, holding a 90% stake in Kanthan Blue Metals, has acquired 23 acres in Tirupur District for approximately ₹ 13.18 Cr. This initiative is part of a total investment of ₹ 17 Cr, which will be financed via external funding and internal accruals.

The new facility, anticipated to become operational within six months, aims to secure a consistent supply of high-quality blue metals—vital for infrastructure projects. This expansion is expected to bolster AVP Infracon’s operational efficiency and reduce reliance on third-party suppliers, supporting its growing project portfolio. Managing Director Mr. Prasanna Dhandayuthapani highlighted the significance of this move in enhancing quality control and availability of essential inputs, enabling the company to remain competitive and deliver long-term value to stakeholders. This development reflects a positive outlook for AVP Infracon's strategic growth in the infrastructure sector.