Aparna Enterprises infuses Rs 100 cr in its tile division
15 Dec 2021
2 Min Read
CW Team
Aparna Enterprises has infused Rs 100 crore into their tile division - Vitero Tiles, to boost its production capacity at the Peddapuram facility, Andhra Pradesh.
The firm has added another kiln which has doubled the production capacity of the unit from 15,000 sq m per day to 30,000 sq m per day. This growth will assist the firm to cater to the growing demand for floor and wall tiles and target more government and private projects particularly, in Andhra Pradesh, Telangana, Tamil Nadu and other focused markets across India comprising Maharashtra, Odisha and Karnataka.
Ashwin Reddy, managing director of the firm, told the media that driven by increasing consumer demand in B2B and B2C space, the tile segment is poised to rise in India at 8% CAGR in the coming five years. They are hoping to close FY21-22 with a 50% increase in tile division.
They have infused Rs 100 crore into this business in 2021, majorly ordered towards the development of our tile production capacity. With this increase, they are additionally looking to enhance their product offerings and grow market share in the organised tile market in India.
Aparna Enterprises is additionally aligning its resources to increase its dealer network and its market presence. In FY21, the firm had expanded its network in India by 23%, and in 2021 they plan to additionally enhance it by 30%. Earlier in June 2021, it had declared plans to invest Rs 100 crore into their aluminium window and door system brand Alteza.
Also read: Aparna Enterprises to invest $100 million in its Alteza brand
Also read: Aparna Enterprise to fund Rs 100 cr for aluminium windows, doors
Aparna Enterprises has infused Rs 100 crore into their tile division - Vitero Tiles, to boost its production capacity at the Peddapuram facility, Andhra Pradesh.
The firm has added another kiln which has doubled the production capacity of the unit from 15,000 sq m per day to 30,000 sq m per day. This growth will assist the firm to cater to the growing demand for floor and wall tiles and target more government and private projects particularly, in Andhra Pradesh, Telangana, Tamil Nadu and other focused markets across India comprising Maharashtra, Odisha and Karnataka.
Ashwin Reddy, managing director of the firm, told the media that driven by increasing consumer demand in B2B and B2C space, the tile segment is poised to rise in India at 8% CAGR in the coming five years. They are hoping to close FY21-22 with a 50% increase in tile division.
They have infused Rs 100 crore into this business in 2021, majorly ordered towards the development of our tile production capacity. With this increase, they are additionally looking to enhance their product offerings and grow market share in the organised tile market in India.
Aparna Enterprises is additionally aligning its resources to increase its dealer network and its market presence. In FY21, the firm had expanded its network in India by 23%, and in 2021 they plan to additionally enhance it by 30%. Earlier in June 2021, it had declared plans to invest Rs 100 crore into their aluminium window and door system brand Alteza.
Image Source
Also read: Aparna Enterprises to invest $100 million in its Alteza brand
Also read: Aparna Enterprise to fund Rs 100 cr for aluminium windows, doors
Next Story
MoHUA Plans New Role for Smart City SPVs
In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..
Next Story
ADB Approves $110 Million Loan to Boost Skills in Gujarat
The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat鈥檚 efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..
Next Story
SDAL Tests Rudrastra UAV and Bhargavastra Defence System
Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India鈥檚 Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..
