Business Other News 14 Mar 2019 Aparna JV to set up ...

Aparna JV to set up unit in Hyderabad

DECCAN CHRONICLE.
Published Mar 14, 2019, 12:42 am IST
Updated Mar 14, 2019, 12:42 am IST
The unit, which will come up in Bachupally, will have an initial prodction capacity of 0.6 million sq ft per annum.
Intially, the company has budgeted about Rs 30 crore to set up the unit.
 Intially, the company has budgeted about Rs 30 crore to set up the unit.

Hyderabad: Along with newly-signed joint venture (JV) partner, Craft Holding, Aparna Enterprises plans to set a manufacturing facility in the city.

The unit, which will come up in Bachupally, will have an initial prodction capacity of 0.6 million sq ft per annum.

 

However, Aparna Enterprises MD Ashwin Reddy, citing the market for  facades and fenestrations, currently pegged at Rs 10,000 crore, is fast growing hinted that the company may ramp up the production capacity depending upon demand.

Intially, the company has budgeted about Rs 30 crore to set up the unit.

The JV plans to leverage Craft Holdings’ design and engineering expertise and the execution capabilities of Aparna to offer aluminium exterior solutions in India.

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