Suturing for a voluminous growth by near doubling of capacity: AIA manufactures High Chrome Mill Internals (HCMI) used in the econdary mining activity, cement and utilities sectors. The company by end of FY18E could hike the casting capacity to 4.4 lakh tonnes at a CapEx of ~ Rs.3,800mn through FY18E. We estimate payback period for this said capex to be around ~ 2.5-3 years at over three-fourths of utilisation beginning end of FY18E.