Pokarna plans Rs 325-crore capacity expansion

Firm to double quartz output; will rely on internal accruals and loans to finance capex

Hyderabad-based granite manufacturing company Pokarna Limited on Tuesday said its wholly-owned subsidiary Pokarna Engineered Stone Limited (PESL) is planning to more than double the quartz surface production capacity by building a greenfield production facility at an investment of Rs 325 crore.The investment is expected to completed by June 2018.

According to Pokarna, the capacity expansion will be financed through a mix of internal accruals (Rs 75 crore) and loans (Rs 250 crore). PESL has already secured sanction from its lead banker for a term loan, the company said.

Pokarna Limited had reported a consolidated income of close to Rs 400