Aparna Enterprises infuses Rs 100 cr in its tile division
Real Estate

Aparna Enterprises infuses Rs 100 cr in its tile division

Aparna Enterprises has infused Rs 100 crore into their tile division - Vitero Tiles, to boost its production capacity at the Peddapuram facility, Andhra Pradesh.

The firm has added another kiln which has doubled the production capacity of the unit from 15,000 sq m per day to 30,000 sq m per day. This growth will assist the firm to cater to the growing demand for floor and wall tiles and target more government and private projects particularly, in Andhra Pradesh, Telangana, Tamil Nadu and other focused markets across India comprising Maharashtra, Odisha and Karnataka.

Ashwin Reddy, managing director of the firm, told the media that driven by increasing consumer demand in B2B and B2C space, the tile segment is poised to rise in India at 8% CAGR in the coming five years. They are hoping to close FY21-22 with a 50% increase in tile division.

They have infused Rs 100 crore into this business in 2021, majorly ordered towards the development of our tile production capacity. With this increase, they are additionally looking to enhance their product offerings and grow market share in the organised tile market in India.

Aparna Enterprises is additionally aligning its resources to increase its dealer network and its market presence. In FY21, the firm had expanded its network in India by 23%, and in 2021 they plan to additionally enhance it by 30%. Earlier in June 2021, it had declared plans to invest Rs 100 crore into their aluminium window and door system brand Alteza.

Image Source

Also read: Aparna Enterprises to invest $100 million in its Alteza brand
Also read: Aparna Enterprise to fund Rs 100 cr for aluminium windows, doors

Aparna Enterprises has infused Rs 100 crore into their tile division - Vitero Tiles, to boost its production capacity at the Peddapuram facility, Andhra Pradesh. The firm has added another kiln which has doubled the production capacity of the unit from 15,000 sq m per day to 30,000 sq m per day. This growth will assist the firm to cater to the growing demand for floor and wall tiles and target more government and private projects particularly, in Andhra Pradesh, Telangana, Tamil Nadu and other focused markets across India comprising Maharashtra, Odisha and Karnataka. Ashwin Reddy, managing director of the firm, told the media that driven by increasing consumer demand in B2B and B2C space, the tile segment is poised to rise in India at 8% CAGR in the coming five years. They are hoping to close FY21-22 with a 50% increase in tile division. They have infused Rs 100 crore into this business in 2021, majorly ordered towards the development of our tile production capacity. With this increase, they are additionally looking to enhance their product offerings and grow market share in the organised tile market in India. Aparna Enterprises is additionally aligning its resources to increase its dealer network and its market presence. In FY21, the firm had expanded its network in India by 23%, and in 2021 they plan to additionally enhance it by 30%. Earlier in June 2021, it had declared plans to invest Rs 100 crore into their aluminium window and door system brand Alteza. Image Source Also read: Aparna Enterprises to invest $100 million in its Alteza brand Also read: Aparna Enterprise to fund Rs 100 cr for aluminium windows, doors

Next Story
Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Next Story
Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?