Everest Industries Limited has announced an investment of Rs. 138 crore to establish a new Fibre Cement Boards plant in Matia, Goalpara, Assam, through its wholly owned subsidiary, Everest Buildpro Private Limited (EBPL). This strategic expansion is aimed at strengthening Everest Industries’ footprint in the eastern region of India, catering to the growing demand for cement boards.
The new plant will have a production capacity of 72,000 metric tonnes per annum (MTPA). The company has outlined that Phase 1 of the capital expenditure (CAPEX) is expected to be operational by April 2027, while Phase 2 will commence operations by April 2031. The financing for this project will be a mix of equity and debt.
On February 25, 2025, Everest Buildpro Private Limited signed a Memorandum of Understanding (MoU) with the Government of Assam, formalizing the investment. The company has highlighted Assam as a crucial market for its cement boards, given the high demand in the region. The establishment of this plant will also enhance Everest Industries’ presence across all four zones in India.
As per the disclosure under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, Everest Industries currently operates with a consolidated boards and panels capacity of 301,000 MTPA, with an existing utilization rate of approximately 73%.
This investment aligns with Everest Industries’ broader strategy of expanding its manufacturing capabilities while tapping into high-demand regions, further strengthening its leadership in the fibre cement board segment.