Anjani Tiles To Invest Rs120 Cr In Production Capacity Expansion
Anjani Tiles is planning to increase its production capacity with an investment of ?120 crore as part of its brownfield expansion. “We are planning to add one more line at our existing plant at Gudur, Andhra Pradesh, which is expected to be ready over the next two years,” KV Vishnu Raju, Chairman, Anjani Vishnu Holdings Ltd, Promoters of the company said. Incorporated in 2015, Anjani Tiles manufactures and sells tiles under the brand of Anjani Tek has a manufacturing capacity of 3 mn sq mt per annum. “As of now, we are fully utilising the capacity and are present in the markets of Andhra Pradesh, Telangana, Tamil Nadu, and Karnataka,” Raju said. The company wants to add another 5 mn sq mt capacity per annum by 2025. There is huge potential for the tiles business. We can expand further in Telangana and Karnataka by leveraging our Anjani brand now. With the addition of the capacity, we will also reach markets in Kerala, Odisha, and Chhattisgarh.” he added.
Tags : Anjani Tiles production capacity investment expansion KV Vishnu Raju Chairman Anjani Vishnu Holdings Ltd