Hyderabad: City-based Robo Silicon Private Limited has on Wednesday announced plans to establish four new manufactured-sand (m-sand) plants with Rs 40 crore as it targets doubling of its total revenues to Rs 250 crore this fiscal year from Rs 125 crore in FY18.
Robo Silicon to invest Rs 40 cr on 4 plants
The company, which markets m-sand under Robo Sand brand and has aggregates in its product line-up, currently operates 11 plants across Hyderabad, Bengaluru, Chennai, Nagpur, Delhi and Vijayawada. “Of the four new plants, we will set up two plants in Hyderabad and one in Bengaluru. The fourth one will come up in Pune, which marks our entry into that city,” Sumnesh Khandelwal, Chief Executive Officer, Robo Silicon, told the media here.
“Robo Silicon has visualised its growth pan-India through a two-pronged approach, Expansion in the existing core cities and rapid launch in untapped geographies,” said Amit Jain, the company’s Head of Finance & Commercial. The company is also working aggressively to enhance on product and process innovation. It will also launch new products to cater to the market demand. “Robo Sand is not only the perfect substitute for fast-depleting river sand, but is also a viable, cost-effective product,” said Abhishek Bhatia, the company’s Brand Manager.