VST to move out of Hyderabad
Here is some good news for the residents around the Azamabad Industrial Estate. Touted to be much polluted by the Pollution Control Board, VST Industries has finally decided to move away from the industrial estate by end of 2016.
Hyderabad: Here is some good news for the residents around the Azamabad Industrial Estate. Touted to be much polluted by the Pollution Control Board, VST Industries has finally decided to move away from the industrial estate by end of 2016.
In the process, the company has already obtained clearances from the governmental agencies. In fact, it is the first factory to get the clearances from Telangana State under the newly enacted TSiPASS. Popularly known as ‘Charminar Factory’, VST had already started construction of its tobacco processing unit in Toopran, Medak district in its 17 and odd acres of land.
However when contacted, the Company Secretary Nitesh Bakshi has expressed his inability to share the details of the project and its time schedules, but confirmed the developments. However, the sources told The Hans India, the new facility is expected to be completed by December 2016, though initially was planned to be over by August this year.
“The boilers and other plant and machinery are arriving from Mumbai and hopefully it will be completed by end of this year,” said the sources, however, not willing to get quoted. Originally, the company was incorporated in November 1930, under the name and style, The Vazir Sultan Tobacco Company Limited, which was later, changed to VST Industries Limited in 1983. The Company has its Registered Office located at Azamabad, Hyderabad.
To recall, earlier the Pollution Control Board (PCB) was insisting that all the polluting companies are to be moved to city outskirts. And in the process the PCB had also issued show-cause notices to the company in the industrial estate including VST, however, the company had tried to improve the pollution norms at the factory level in order to hold on to its leased premises.