AVP Infracon Limited — Important, 13-12-2024: General Updates

M/S Kanthan Blue Metals, a partnership firm where the company holds a 90% stake, has executed a sale deed to acquire 23 acres of land in Tirupur District for approximately ₹13.18 Crores. This acquisition is aimed at establishing a new crusher unit to meet the rising demand for blue metals, crucial for the company's expansion plans. The total investment in the project will be around ₹17 Crores, including land costs, with financing sourced from external funding and internal accruals. The proposed capacity addition for the crusher unit is expected to be completed within six months, ensuring a consistent supply of high-quality raw materials for the business. This development presents a positive outlook for AVP Infracon Limited, as it aligns with the company’s strategic growth initiatives.