Orientbell Tiles Completes Expansion of Hoskote Plant
Orient Bell Ltd, announced the completion of the expansion at its Hoskote plant (Bengaluru district, Karnataka) involving a Capex of ~Rs. 34 crores well ahead of schedule. With this, the total capacity of the company has increased from 32 MSM p.a. to 33.8 MSM p.a. (includes 10 MSM p.a of the associated entities). “Over the last 2 years, we have made significant investments to ramp up and modernize our facilities. Apart from other investments made concurrently to strengthen marketing and distribution, ~Rs. 70 crores have been invested on 5 Growth Capex projects to add incremental volume potential of 5.5 MSM p.a. The projects were incubated with a clear focus on 2 fronts – one being the flexibility to offer new or improved products to suit changing customer preferences and the other to strengthen our footprint in our existing markets. Our team has made sure that all the announced projects have been completed well within the timelines and Capex budgets committed. What is also relevant is that the bulk of these investments was financed out of our internal accruals. The completion of the Hoskote project is special as this now enables us to participate more meaningfully in the bigger and higher growth markets of South & West.” Aditya Gupta, CEO of the Company commented.
Tags : Orient Bell Ltd expansion Hoskote plant Bengaluru Karnataka investments facilities projects