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
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