>Vikasha ind(Sunidhi)

Andhra Pradesh-based VIL was incorporated in the name of Visaka
Asbestos Cement Products in Jun 81 and acquired its present name in
Aug 1990. It came out with a rights issue in 1992 aggregating Rs.5 crore
(29.85 lakh equity shares at a premium of Rs 7) to part-finance the
Rs.23 crore expansion project at it's synthetic yarn facility at Nagpur.
During FY2006-07, it made preferential issue of shares, which raised its
equity capital to Rs 15.9 crore.
It manufactures asbestos cement sheet and synthetic blended yarn.
The cement sheet division contributes 80% of the total revenue with
20% coming from yarn division.

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