Hyderabad Ind to reduce dependency on asbestos

Tags: News
Hyderabad Industries, which is into making building materials, is looking at reducing its revenue dependence on asbestos sheets from 80 per cent and focus more on green materials, according to a top company official.

Hoping to tap 15 per cent growth in overall revenues, alongside every year the company wants to reduce 5 per cent sales in asbestos sheets for the next few years.

“Today, we are about a Rs 1,000 crore company and are looking to maintain a 15 per cent growth. The company has increased non-asbestos from 10-20 per cent now and hope to increase it by 5 per cent every year. Four years ago we had 90 per cent of our revenues coming from asbestos,” said Abhaya Shankar, managing director of HIL.

Hyderabad Industries, which is a flagship company of the CK Birla group of companies, also wants to step up the production capacity of its green products, which includes Aerocon and Hysil.

“The company has an autoclave aviated concrete blocks (AAC) manufacturing facility near Surat in Gujarat with a capacity of two lakh cubic metre per annum. “We now want to raise the capacity to 3 lakh cubic metre per annum in the next six months,” he said.

Out of the thirteen plants it has, four are meant for green products.

On the other hand, the company says there is enough demand for asbestos too. “According to a Nielson study our brand is Charminar is ahead of others in roof-sheeting. Also, 50 per cent of rural roofs are thatched and that way there is enough opportunity for asbestos as well. So we will strengthen our brand and also push products in tier II and III locations,” he said.

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