Published On: Mon, Dec 14th, 2020

Astral Poly Technik begins production of plastic water storage tanks at Aurangabad facility

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has achieved commercial production of at its manufacturing facility in Aurangabad in the western Indian state of .

The Indian plastic products manufacturer, in a filing to the Bombay Stock Exchange (BSE), stated: “The company has started commercial production of plastic water storage tanks under Astral’s name from today at manufacturing facility situated at Gut No. 127, Village: Pangra, Taluka: Paithan, Dist: Aurangabad.”

Astral Poly Technik begins production of plastic water storage tanks at Aurangabad facility

Astral Poly Technik begins production of plastic water storage tanks at Aurangabad facility. Photo courtesy of Free-Photos from Pixabay.

It can be noted that the board of directors of Astral Poly Technik had approved the company’s decision last month to invest about INR 75 million ($10.18 million) to foray into the business of manufacturing and selling of plastic water storage tanks.

Astral Poly Technik also entered into a framework agreement to acquire certain assets from Shree Prabhu Petrochemicals and other parties in Aurangabad, Maharashtra. The assets include land, building, stock, machineries, and trademark and goodwill, among others.

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