Business Update12 Nov 2024, 11:38 pm
Pokarna Limited Invests Rs. 440 Crores in Quartz Manufacturing Plant Expansion
AI Summary
Pokarna Limited, through its wholly-owned subsidiary Pokarna Engineered Stone Limited (PESL), has approved an investment of INR 440 Crores to expand its Quartz Manufacturing plant in Mekaguda, Telangana. The expansion aims to meet increasing market demand and enhance production capacity and operational efficiency. The new capacity is expected to be added by Q4FY26. The investment will be financed through internal accruals and debt.
Key Highlights
- Pokarna Limited investing INR 440 Crores in PESL's quartz manufacturing plant expansion.
- Expansion aims to meet growing demand for premium quartz surfaces globally.
- New capacity to be added by Q4FY26, with an estimated output of 8.1 Lakh Sqmtr.
- Investment to be financed through internal accruals and debt.
- Expansion aligns with PESL's long-term strategy for sustainable growth and value creation for shareholders.