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Private Sector | Andhra Pradesh - India | PID: 202617
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Tiles manufacturer Simpolo Vitrified will invest Rs 350 crore to set up a new plant in Andhra Pradesh.The opening of the new plant would help the company expand its reach in the southern states of India
The Group will also invest Rs 650 crore to expand its production capacity at Morbi, Gujarat. With its annual turnover expected to be about Rs 1,600 crore in this financial year, the sale of 27-28 million sq. mtrs.of tiles this year would increase by 20 million sq. mtrs. with the commissioning of the two facilities in two years
Simpolo opened a gallery at Lakshmi Ceramics in Coimbatore in Tamil Nadu on 12 March, 2024
the company, which carved its niche as a consistently growing organisation exports 25 percent of its total production
| Updated on: 13 - Mar - 2024
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