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Aparna Ent. commits Rs 150 cr to drive growth
08 August 2023: Aparna Enterprises, commits an investment of Rs 150 crores in FY24 to proliferate its business, and support its expansion to meet the industry’s escalating demand, says a press release issued by the company. This strategic commitment is a testament to the company’s unwavering dedication to delivering top-notch products and services that cater to the dynamic infrastructural needs of India. The company plans an outlay of Rs 100 crores towards establishing a state-of-the-art uPVC facility at Rudraram, Hyderabad, to increase the monthly production of uPVC profiles by 70% from 700 tonnes to 1,200 tonnes, as well as windows by 150% from 20,000 sq. metres to 50,000 sq. metres. Additionally, another Rs 50 crores will be utilised to expand Aparna Enterprises’ tiles, ready-mix concrete (RMC), and aluminium businesses.
Commenting on the development, Ashwin Reddy, Managing Director, Aparna Enterprises Limited said, “With our business footprint spread across the country, we are determined to provide comprehensive solutions to every person and institutions’ diverse infrastructural needs. Our ambitious growth plans are driven by our continuous efforts to offer the best products under the Aparna Enterprises banner. We are confident that our investment in the new uPVC facility and the expansion of our tiles, RMC, and aluminium businesses will enable us to cater to the evolving needs of our customers while strengthening our market presence. We are targeting a revenue of INR 2,100 crore by the end of this financial year.”
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