Sivakasi - Auction Details
Land admeasuring 55.4 acres and building structure with two Units of Plant & Machinery installed for the commercial production of duplex paper board with 80-400 gsm having overall capacity up to 450 TPD. The facility is located in Vembakottai Village, Sivakasi, Virudhu Nagar District, Tamil Nadu. Note: Portion of the auction.
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About This Auction
Land admeasuring 55.4 acres and building structure with two Units of Plant & Machinery installed for the commercial production of duplex paper board with 80-400 gsm having overall capacity up to 450 TPD. The facility is located in Vembakottai Village, Sivakasi, Virudhu Nagar District, Tamil Nadu. Note: Portion of the land admeasuring 9.273 acres owned by promoters also forming part of the liquidation estate.
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Insolvency and Bankruptcy Board of India
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About Sivakasi
Sivakasi is a city in Virudhunagar District in the Indian state of Tamil Nadu. The city is known for firecrackers and match factories that produce 70% of the country's output. The printing industries in Sivakasi produce 30% of the total diaries produced in India. The industries in Sivakasi employ over 25,000 people and the estimated turnover of the firecracker, match making and printing industries in the city is around ₹20 billion (US$240 million). The major issues... in the city are the frequent accidents in the firecracker factories and the high level of child labour. Read More
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