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Jaquar Group to invest Rs 300 cr on capacity expansion

Press Trust of India  |  Chandigarh 

Bath fittings and sanitary ware Group today said it will invest Rs 300 crore for expanding its in and in the current fiscal.

"A sum of Rs 150 crore will be spent on raising the capacity of faucets located in Bhiwadi in Rajasthan," Group's Promoter and Rajesh Mehra said here.

The company looks to expand the of faucets from 80,000 to 100,000 per day, he said. "It will be commissioned in next six months," he added.

Group would also invest Rs 150 crore on its LED in Manesar in Gurgaon district of Haryana, Mehra said.

The company is also aiming to clock total turnover of Rs 3,300 crore by the end of this fiscal at a growth rate of 18 per cent.

The size of the sanitary ware industry is pegged at about Rs 8,000 crore and it is growing between 8 to 10 per cent per annum, he said.

Mehra said is one of the largest markets for the Group and has maintained a sustained growth year on year. From Chandigarh alone, the company is expecting 22 per cent growth over the previous fiscal.

"has always been a key market for Group with a high demand for products coming from within this region.

"Our focus now is to strengthen our business alongside our vision to become a in the 'complete bathroom and lighting solutions' industry," he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 19:30 IST