Roca India to infuse ₹50 cr. in new plant, aims to surpass ₹4,000-cr. revenue in four years
The Hindu
Kolkata
Sanitaryware major Roca India has planned to pump in ₹50 crore as capital expenditure in its greenfield plant in Rajasthan and is aiming at doubling revenue to cross the ₹4,000-crore mark over the next four years, a top company official said on Thursday.
The wholly owned subsidiary of Spanish Roca Group is setting up its maiden pipe manufacturing facility at Alwar under its flagship brand Parryware and expects that the plant would be operational by mid of 2023, he said.
“Despite economic headwinds and cost pressure, we remain optimistic about India’s growth story and will continue to invest here. Our capital expenditure will be around ₹50 crore in our maiden pipe manufacturing facility in Rajasthan,” Roca India managing director K.E. Ranganathan told PTI.
He was here to unveil the company’s pipes and fitting products in the city and the northeast market.
The company has already covered Odisha and Bihar in the east, while it has strengthened footprint in South India.
Over the next few months, it would cover the north and western regions of the country, he said.
The company currently has seven manufacturing facilities across the country. Roca took over Chennai-based Parryware from the Murugappa Group in 2006.
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