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Private Sector | Not Classified - india | PID: 194858

Lux Industries will make an investment of Rs 110 crore in setting up manufacturing and storage facilities over the next one to two years

This is expected to generate incremental sales of Rs 400 crore once it is operational. The funding will be done through internal accruals

The company has already identified a land parcel measuring the construction area of around 4.6 lakh sq ft of which nearly 20-30 percent will be used for manufacturing and the rest for warehousing, storage and finishing facilities

The new investment will further augment the company’s ability to improve its market share in existing segments as well as new segments

| Updated on: 24 - Mar - 2021

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