Ceramics Sector News | Project News | Project Update | Project Opportunities
Simpolo Group, backed by Motilal Oswal Alternates, has unveiled a major investment plan of Rs 1,000 crore aimed at tripling its current ceramics manufacturing capacity. Over the next 2-3 years, the company will deploy these funds across two strategic locations: Morbi in Gujarat and Tirupati in Andhra Pradesh. In Morbi, Simpolo will invest Rs 650 crore to establish a new plant in the Malia locality, which is expected to employ 400 individuals and become operational by FY26. Simultaneously, the company plans to invest Rs 350 crore in Tirupati’s Naidupeta plant, with operations set to commence by the end of FY25.
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Note: The above-mentioned news was first published by us in our ProjectX India | 1st May 2024 edition.. Get this issue or any of our editions by clicking here…
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