Pokarna Engineered Stone Invests Rs 440 Cr in Telangana Plant Expansion

By By Rediff Money Desk, Hyderabad
Nov 13, 2024 15:13
Pokarna Engineered Stone (PESL) announces Rs 440 crore investment to expand its Telangana plant, introducing a third Bretonstone production line and boosting capacity and sustainability. The expansion is set to be operational by March 2026.
Hyderabad, Nov 13 (PTI) Pokarna Engineered Stone Limited (PESL) on Wednesday announced a strategic investment of Rs 440 crore to enhance its advanced manufacturing capabilities at its state-of-the-art facility at Mekaguda in Telangana.

A press release from the city-based firm said the expansion will introduce PESL's third Bretonstone production line from Breton S.p.A. of Italy, setting a new benchmark in both capacity and sustainable manufacturing.

Gautam Chand Jain, Chairman and Managing Director of PESL, highlighting the significance of this expansion said, "For PESL, growth is not just about increasing capacity; it's about advancing with purpose. This new chapter empowers us to champion sustainable innovation, creating premium surfaces that honour our commitment to quality and environmental responsibility. With this investment, PESL solidifies its position on the global stage as a brand synonymous with excellence, integrity, and purpose."

Set to be operational by March 2026, the new line will empower the firm to meet the surging demand for innovative products while reinforcing the company's commitment to environmental stewardship and manufacturing excellence, it said.

Meanwhile , PESL's profit after tax for the quarter ended September 30 was up by 54 per cent over the same period last year, to Rs 78 crore, while revenue grew at 24.5 per cent at Rs 451 crore, the company said.
Source: PTI
Read More On:
profitrevenueinvestmenttelanganamanufacturingsustainabilitycapacity expansionpokarna engineered stonepeslbretonstonegautam chand jain
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Delhi Airport Low...
Delhi Airport Low Visibility Procedures | DIAL...

Delhi airport operator DIAL confirms low visibility procedures are in place due to high...

Zee Entertainment...
Zee Entertainment Raises Targets for CEO Punit...

Zee Entertainment's board has set higher performance targets for CEO Punit Goenka's...

IMF Team Reviews...
IMF Team Reviews Sri Lanka's Economic Reform...

The IMF team has arrived in Sri Lanka to conduct the third review of the USD 3 billion...

Sitharaman Responds to Middle Class Tax Relief...

Finance Minister Nirmala Sitharaman responds to an X user seeking tax relief for the...

India's Free Trade Talks Continue: UK, EU...

India's free trade agreements, including those with the UK and EU, are progressing as...

DLF's K P Singh: How GE Came to India

Discover how DLF's K P Singh facilitated General Electric's entry into India,...

Prestige Estates to Launch Rs 52,000 Cr Housing...

Prestige Estates Projects Ltd plans to launch housing projects worth Rs 52,000 crore by...

ACME Sun Power Secures Rs 3,753 Cr Loan for...

ACME Sun Power secures a Rs 3,753 crore term loan from REC Ltd. for the development of...

Fine Acers Targets Rs 5,000 Crore AUM by 2026-27

Fine Acers, a luxury resort investment firm, aims to reach Rs 5,000 crore in assets...

Sirius India Airlines Plans USD 100 Million...

Sirius India Airlines aims to raise USD 100 million for fleet and services expansion,...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com