Acrysil announces plans for capex of Rs 10 crore in FY 2018-19

Acrysil announced its capital expenditure plan of Rs. 10 crore for FY 2018-19. The investment is for expansion of capacities to manufacture Quartz Sinks by 100,000 units per annum.

The capex is brownfield in nature and will involve investments in moulds, plant & machinery and Building. Post the expansion, total capacity to manufacture Quartz Sinks will be around 500,000 units per annum. The capex is to be funded through mix of debt and equity.

Powered by Capital Market - Live News