Aparna Enterprises, part of the diversified Hyderabad-based Aparna Group, will commission its Rs 320 crore upcoming tile manufacturing unit Peddapuram in East Godavari of Andhra Pradesh by July as it seeks to strengthen its backward integration.
Coming up in two phases, the unit will have a capacity of 1.72 lakh sft of tiles per day. The company has already invested Rs 200 crore and in the process of investing another Rs 120 crore. This is the company’s first plant and it is also looking at a buyout of a tile unit in Gujarat.
The company is commissioning the new tile manufacturing unit while also looking at expanding its other business verticals to take the turnover of the group to Rs 2,300 crore by 2020 from Rs 1,300 crore currently.
Enterprise business comprising tiles and windows currently constitutes around Rs 500 crore of the group turnover, which they plan to double to Rs 1,000 crore by 2020.
The group’s construction division is also venturing into affordable residential segment by developing 4.5 million sft of the total 8-10 million sft planned this fiscal. The proposed housing construction projects also include 1.7 million sft of luxury housing, while mid-segment residential complexes account for the balance. Aparna group is also developing some projects in the retail and office segment.
Image source: Fenner Drives