Hindustan Sanitaryware & Industries (HSIL) is planning to set up three manufacturing facilities at Jhagadia in Gujarat in the next seven years. In this regard, the company will invest Rs 500 crore. The tiles facility would have an initial capacity to produce 10,000 metres of tiles per day which will later be expanded to 20,000 metres per day.
In the first phase, the company plans to invest Rs 125 crore to set up a sanitaryware facility that will have an initial annual capacity of 1.2 million pieces and it will be expanded to 2 million pieces in the second phase with an investment of Rs 150-175 crore, along with setting up a tiles manufacturing unit while, in the third and final phase, the company will spend around Rs 200 crore for the expansion of tiles plant and to set up a faucet (bathroom fittings) facility.
The company already has earmarked about Rs 525 crore for capacity expansion in the next three years for its building material and container glass divisions.
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AGI Greenpac | 818.20 |
TCPL Packaging | 2155.05 |
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