Aparna Enterprises invests Rs 100 cr to augment capacity for Vitero tiles
The investment has doubled the production capacity to 30,000 square meter per day
Aparna Enterprises has invested Rs 100 crore into their tile division – Vitero tiles. The investment is targeted at expanding the manufacturing capacity at Peddapuram, Andhra Pradesh facility. This expansion aims to target more government and private projects especially in Telangana, Andhra Pradesh, Tamil Nadu and other focused markets across India including Odisha, Maharashtra and Karnataka.
Ashwin Reddy, MD, Aparna Enterprises, said, “The tile segment is poised to grow in India @ 8% CAGR in the next 5 years. We expect to close FY21-22 with 50% growth in tile division.”
At the Vitero manufacturing unit at Peddapuram, Andhra Pradesh, the brand has added another kiln. This addition has doubled the manufacturing capacity of the unit from 15,000 square meter per day to 30,000 square meter per day.
Apart from production capabilities Aparna Enterprises is also aligning their resources to expand their dealer network and their market presence. In FY 20-21 the company had increased their network in India by 23% and this year they plan to further boost it by 30%.
In June, Aparna Enterprises had announced their plans to infuse Rs 100 cr into their aluminum window and door system brand Alteza.