Sintex Industries is likely to spend around Rs 1,100 crore on its upcoming capacity expansion projects across India. The company plans to invest Rs 250 crore on facilities for custom moulding, Rs 220 crore on prefab, Rs 300-350 crore on monolithic, Rs 150 crore on captive power and Rs 50 crore on textiles, between 2011-12 and 2013-14.
Most of Sintex's investments will be at its manufacturing in Gujarat, Himachal Pradesh, Nagpur, Kolkata, Salem and Uttar Pradesh. Despite a slowdown in construction activity and the resultant low cement dispatches, Sintex growth continues as pre-fab structures use little cement.
Sintex is not a hard-core infrastructure development company. Its monolithic products are used in mass housing, railway, government staff quarters and defence, among others.
