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Home > City Resources > Construction > Visaka Industries Limited

 VISAKA INDUSTRIES LIMITED 
Visaka Industries Limited was established in 1981 as Visaka Asbestos Cement Products Ltd. The company's name was changed to Visaka Industries Ltd. in 1990. It is engaged in manufacturing of building products and synthetic blended yarn.

Visaka Industries is jointly promoted by Andhra Pradesh Industrial Development Corporation (APIDC), Dr. G. Vivekanad, G. Vinod and G. Kalavathi. The company's building products plants are located at Yelumala village in Medak district near Hyderabad and at Manickanatham village in Namakkal district in Tamil Nadu. Visaka diversified its business into Textiles in 1992 to manufacture yarn using state-of-the-art Twin Air Jet spinning technology. Ever since its inception, the spinning division of the company has been making steady progress on the export front. The company participated in the yarn show in Manchester (UK) and Prato (Italy) in November 1985. The spinning division manufactures polyester & viscose blended yarn. The product is used in suitings, shirtings and dress materials. The synthetic blended yarn factory is located at Chiruva village in Nagpur. Visakha, an ISO 9002 certified company now, is the biggest unit with MTS insulation in the world, producing 5000 metric tonnes of yarn per year.

The company's exports during 1998-99 were 1232 lakh as against Rs. 1146 lakh in the previous year. The company's turnover increased from Rs. 94.96 crore in 1996-97 to Rs. 111.16 crore by the end of March 1999. The company is promoting a separate corporate entity Visaka Cement Industry Ltd. to set a up a cement plant at a cost of Rs. 300 crore.

Address: Visaka Industries Limited, Visakha Towers, 1-8-303/69/3, Sardar Patel Road, Secunderabad - 500 003. Phones: 781 3833/35, 781 5194. Fax: 781 3837.

E-mail: vil.hyd@sprintrpg.ems.vsnl.net.in
Mohan G Jagan

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