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Prefab player Epack Polymers to invest Rs 150 cr to augment

Press Trust of India  |  Mumbai 

Manufacturer of prefabricated structures Epack Polymers plans to invest around Rs 150 crore to expand capacity to realise its target of more than doubling revenue toRs 500 crore over the next two years, a top company official has said.

The company is also in talks with global strategic partners for setting up two greenfield manufacturing facilities with one each coming up in and Hyderabad, its told PTI.

"We plan to invest around USD 20 million in these two facilities which will be set up in the next two years. Our intent is to start operations one plant this fiscal year itself," he said.

Currently, it has a plant in Greater Noida with an annual capacity of 10 lakh square metres of prefabricated sandwich panels and 12,000 tonnes of prefabricated structure fabrication.

"We are looking at strategic partnerships which will be majorly on the technical front along with financial support. There are large international firms with interest in and are in talks with a few of them," Bothra added.

The company reported revenue of over Rs 247 crore in fiscal 2019.

"We are targeting over 40 per cent increase in revenue this fiscal and a 55 per cent next fiscal year," he said, adding the pace at which orders are being executed, especially in real estate, construction and infrastructure sectors, the company is hopeful of achieving revenue of Rs 550 crore by FY21.

The company lists the likes of Reliance Industries, L&T, AAI, CPWD, Schneider Electric, ABB, Mahindra, Thermax, Tata Power, Tata Steel, Kribhco, Lodha Developers, Welspun, Adani, Gammon, Lanco, LG, Videocon, Ashok Leyland, Perfetti, Priyagold, Mother Dairy, IDMC among others as its key clients.

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

First Published: Sun, April 14 2019. 15:05 IST