UP Asbestos Limited (UPAL), incorporated in 1974, has established itself as a significant player in the manufacturing and sales of asbestos cement and asbestos fiber cement sheets. The company operates manufacturing units located in Lucknow and Dadri, Gautam Budh Nagar. UPAL's shares are listed on the Metropolitan Stock Exchange of India Ltd (MSEI) under the symbol "UPAL".

The company operates from two key locations: Mohanlalganj in Lucknow and Dadri in Gautam Budh Nagar.

Core Business

UPAL's primary business revolves around the production and distribution of asbestos cement (AC) sheets. Renowned for their quality and adherence to BIS standards, these sheets cater to various construction needs, including insulation and sound attenuation. UPAL's AC sheets command a substantial share of the Indian market, accounting for up to 6% of the total market share.

Product Diversification

In recent years, UPAL has diversified its product portfolio to include new offerings such as Coloured Profile Steel Sheets, Industrial and Submersible Cables, Paints, and Allied Products. These products are manufactured at UPAL's facility in Lucknow, where stringent quality tests are conducted to ensure they meet the highest standards.

Industry Applications

One notable application of UPAL's fibre cement sheets is in the construction of casinos. These sheets are utilized for ceiling coverage, offering benefits such as insulation, sound attenuation, and fire retardation. The company's adherence to BIS standards ensures that its products meet the stringent requirements of the casino industry, both domestically and internationally.

Innovation and Sustainability

UPAL is committed to sustainability and innovation. The company has recently undertaken a solar installation project at its manufacturing unit in Lucknow, aiming to reduce its environmental footprint and promote the use of renewable energy. Additionally, UPAL is in the process of fully automating its manufacturing unit, which is expected to significantly increase the production output of its sheet products.