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HSIL to commission two plants in Telangana
Sanitaryware company HSIL Ltd expects to commission two plants - for manufacturing plastic pipes, and security caps and closures - in April in Telangana, where it is likely set up a production unit for water heaters, a senior company official said.
Sanitaryware company HSIL Ltd expects to commission two plants - for manufacturing plastic pipes, and security caps and closures - in April in Telangana, where it is likely set up a production unit for water heaters, a senior company official said.
"...they (the two plants in Medak district of Telangana) will be commissioned in April," the company's President, Consumer Business, Rakesh Kaul told PTI.
"...and there could be likelihood of water heaters also coming up (production unit) in Telangana which is in association with our European partner (Groupe) Atlantic International which is a French MNC of USD 2 billion," he said.
The company has kitchen appliances, water-heaters, water and air purifiers and air cooler products under the consumer division, which is on course to clock a business of about Rs 150 crore in the current fiscal, a 140 percent growth compared to the previous financial year, he said.
The company's consumer business faced "slight impact" following demonetisation of high-value currency last November but the sales "rebounded" in December, Kaul said.
"The objective is to be among the top three in each of the category (under consumer business) where we work. As we go up the ladder and get higher market share, we will obviously look at own manufacturing set up for these categories as well," Kaul said.
