Odisha provides single window clearance for HIL Balasore manufacturing plant

On Friday, HIL Limited informed the bourses that Odisha Government's State Level Single Window Clearance Authority (SLSWCA) has approved the application made by the company to set up a manufacturing plant of blocks, panels & boards at Balasore (Odisha). 

SLSWCA at its meeting held on April 28, 2021, approved the application made by HIL to set up a manufacturing plant of blocks (1,50,000 CuM PA), panels (36,000 MT PA) and boards (30,000 MT PA) in Balasore, the company stated in its press release to BSE.   

This will augment the company’s leadership in its branded building solutions business. With its solutions-oriented approach, this segment is well-placed to carry forward performance momentum. 

HIL continues to diversify, invest and expand its portfolio range in Tier II & III markets to ably cater to the upcoming housing & infra projects and support the development of these markets. It has identified these as potential markets to spur the growth of these blocks, panels & boards. 

At the time of market closing on Friday, the shares of HIL Limited were trading at Rs 3,600.50, down by 0.28 per cent or Rs 10.25 per share, against a 1.98 per cent decline in the benchmark index. The 52-week high of the company is recorded at Rs 3,710 while its 52-week low is Rs 740 on BSE.