MUMBAI, Apr 14: Manufacturer of prefabricated
structures Epack Polymers plans to invest around Rs 150 crore
to expand capacity to realise its target of more than doubling
revenue toRs 500 crore over the next two years, a top company
official has said.
The company is also in talks with global strategic
partners for setting up two greenfield manufacturing
facilities with one each coming up in Indore and Hyderabad,
its director Nikhil Bothra told PTI.
“We plan to invest around USD 20 million in these two
facilities which will be set up in the next two years. Our
intent is to start operations one plant this fiscal year
itself,” he said.
Currently, it has a plant in Greater Noida with an
annual capacity of 10 lakh square metres of prefabricated
sandwich panels and 12,000 tonnes of prefabricated structure
fabrication.
“We are looking at strategic partnerships which will
be majorly on the technical front along with financial
support. There are large international firms with interest in
India and are in talks with a few of them,” Bothra added.
The company reported revenue of over Rs 247 crore in
fiscal 2019.
“We are targeting over 40 per cent increase in revenue
this fiscal and a 55 per cent next fiscal year,” he said,
adding the pace at which orders are being executed, especially
in real estate, construction and infrastructure sectors, the
company is hopeful of achieving revenue of Rs 550 crore by
FY21.
The company lists the likes of Reliance Industries,
L&T, AAI, CPWD, Schneider Electric, ABB, Mahindra, Thermax,
Tata Power, Tata Steel, Kribhco, Lodha Developers, Welspun,
Adani, Gammon, Lanco, LG, Videocon, Ashok Leyland, Perfetti,
Priyagold, Mother Dairy, IDMC among others as its key clients.
(PTI)
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