Simpolo Group to invest Rs 1,000 crore to triple ceramics capacity

Simpolo Group announced an investment of Rs 1,000 crore over three years to triple its manufacturing capacity. The company plans to expand its Malia plant in Gujarat (Rs 650 crore, capacity addition 13.5 million sq m/year, operations in FY26) and build a new plant in Naidupeta, Andhra Pradesh (Rs 350 crore, capacity 13.2 million sq m/year, operations in FY25).

“With the establishment of the Malia and Naidupeta plants, we will consolidate our position in the Indian ceramic industry.”timesofindia.indiatimes.com

• 2 sources
• timesofindia.indiatimes.comSimpolo Group to invest Rs 1,000 crore to triple manufacturing capacity - The Times of IndiaParag DaveApr 10, 2024
• business-standard.comMotilal Oswal Alternates backed Simpolo Group's Rs. 1,000 crore expansion, serving as a catalyst for a new era in India's Ceramic Industry.Business StandardApr 15, 2024

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