Welspun to Invest Rs 1,200 Cr to Set up Flooring Plant in Hyderabad

person access_time   2 Min Read

Welspun Flooring (WFL), which is a part of the $2.3 billion turnover Welspun Group, is setting up an integrated flooring solutions plant at an initial investment of Rs 1,200 crore at Chandanvelly on Hyderabad’s outskirts.

The facility, which is under construction and will become operational in April 2019, will have a capacity to make 10 million sqmts of wooden and stone tiles as well as carpet tiles and wall-to-wall carpets for the domestic and export markets like US, Europe, Australia, Russia, Middle East and SAARC nations in the first phase. The flooring plant is coming up over 150 acres and is part of the 600-acre parcel of land that the company has acquired about 20 km away from the international airport at Shamshabad.

“When the plant goes onstream in April it will kick off with a 2.7 million sqmt per annum capacity, which will ramp up to 10m sqmt per annum by the time the first phase ends,” Welspun Flooring CEO Mukesh Savlani said. Elaborating on the flooring products the facility will make he said in the first phase the company is planning to make about 3 million sqmt of hard flooring per annum, which includes products like click and lock waterproof wooden tiles and stone tiles that can be installed in a matter of hours instead of the days that conventional tiles take. The plant will also make about 7 million sqmt per annum of soft flooring products like carpet tiles that can be installed in about five to seven hours and printed broadloom carpets that are used primarily in the institutional segment.

Post Your Comment