V-Guard Industries’ subsidiary starts production of kitchen appliances in Vapi
March 06, 2024
Vapi: V-Guard Industries Ltd today announced that its wholly-owned subsidiary (WOS) has commenced the commercial production of kitchen appliances at the company’s manufacturing facility located in Vapi.
In a press statement, the company mentioned that V-Guard Consumer Products Ltd (VCPL) has initiated the commercial production of kitchen appliances, including a mixer grinder and gas stove, at the company’s state-of-the-art manufacturing facility in Vapi on March 6, 2024.
According to a filing submitted to the stock exchanges, the company revealed that the actual investment for the project amounts to nearly ₹20 crore, funded through internal accruals.
Furthermore, the manufacturing facility here has an installed capacity of 7 lakh units per annum for mixer grinders and 3.6 lakh units per annum for gas stoves. DeshGujarat
Recent Stories
- Bathymetric survey in Tapi river on cards for water metro project
- Surat Police's Anti-Narcotics Unit gets Drug Detection Analyzer worth ₹15 Lakh
- 3 dead in accident on Ahmedabad - Vadodara Expressway; Hours long traffic jam
- SRK’s Govind Dholakia gifts Indian map-shaped ‘Navbharat Ratna’ diamond to PM Modi
- Nearly 40,000 pre-primary schools in Gujarat shut to protest new registration guidelines
- One held at Ahmedabad airport for smoking on Delhi-Ahmedabad flight
- Smritivan Earthquake Memorial of Kutch Awarded at UNESCO's 2024 Prix Versailles