# Varmora Granito invests ₹400 cr in two new plants in Morbi

Varmora Granito Pvt Ltd is setting up two manufacturing plants in Morbi, Gujarat, with a combined capacity of 17 million square meters per annum, investing ₹400 crore. One plant will produce artificial stones using Italian IST technology, and the other will make tiles and bathwares.

- Type: New facility
- Announced: 2024-08-23
- Where: Morbi, Gujarat, India
- Value: $48.0M (4.00B INR)
- Jobs: 600
- Status: announced
- Capacity: 17 million square meters per annum
- Products: artificial stones, tiles, bathwares
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Varmora Granito Pvt Ltd](https://endata.com/companies/50795.md)
- [Carlyle Group](https://endata.com/companies/458.md) (investor)
- [Sacmi](https://endata.com/companies/2154.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/gujarat-based-varmora-invests-400-cr-in-two-new-plants-in-morbi/article68558072.ece), 2024-08-23: "We have the first-mover advantage."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.