HSIL is reportedly set to commission two new plants, one each to produce CPVC pipes and security products, in Telangana and will invest Rs 300 crore for the same. These plants will be launched in March and July respectively.
The new plants are part of the company’s Rs 400-crore capex plans, which also cover the expansion of existing plants in Rajasthan and Telangana. The latter will enhance its sanitaryware products capacity from 38 lakh units per annum to 42 lakh units.
HSIL is one of the leading domestic players in container glass and building products segments. Under the second segment, the company manufactures and trades in sanitaryware products, faucets and wellness products. It has five manufacturing facilities in India, of which three are located in Andhra Pradesh, one in Rajasthan and one in Haryana.