HSIL to set up third manufacturing plant in Gujarat

HSIL is planning to set up its third manufacturing plant in the country in Gujarat with an investment of about Rs 150 crore. In this regard, the company has already taken possession of around 70 acres of land near Dahej. Work on the plant is likely to start in early 2015, and the manufacturing site will go into production by end 2016.

The company has two plants, one in Haryana with an installed capacity of 1.8 million units per annum, and another one at Nalgonda district of Telangana with an installed capacity of 2 million units per annum. With the third plant coming onstream, HSIL’s installed capacity would reach 5 million units per annum.

Meanwhile, the company is planning to add around 100 large format retail stores per year, and around 600 smaller stores across the country to boost its retail expansion. Besides, the company also plans to expand in its existing export markets, which include countries like Fiji, New Zealand, Australia, parts of Europe, and a few African countries like Nigeria, Kenya, Zambia and South Africa.