Borosil Limited, one of India's leading glassware manufacturers, is planning to commission a new manufacturing facility in Rajasthan with an estimated capital expenditure (CAPEX) of ₹400 million. The strategic initiative is intended to boost Borosil's production capacity and increase its market reach in the region.
Key Highlights:
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New Manufacturing Unit: The new Rajasthan unit will be part of Borosil's continued expansion plans, with a focus on boosting its manufacturing capacity for consumer and scientific products.
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CAPEX Information: The project CAPEX for the new unit stands at an estimated ₹400 million, a commitment by Borosil to investing in infrastructure to support increasing demand.
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Recent Expansions: Borosil has been steadily expanding operations, with a recent expansion plan of ₹625 crore for its Jaipur plant, which involves investment in borosilicate furnaces and glass tubing production.
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Market Presence: Borosil has a diversified range of glassware products, such as opal ware and borosilicate glass. The firm is looking to consolidate its position in the domestic as well as overseas markets.
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Future Plans: Borosil Group is planning to achieve a revenue of ₹7,000 crore during the next four years, led by double-digit growth in its business segments.
This strategic investment reaffirms Borosil's intent to strengthen its manufacturing capacity and propel growth in India's glassware sector.
Sources: Borosil Limited, CNBC-TV18, Economic Times