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PESL to expand quartz surfaces production capacity

Monday, 23 Jan 2017
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Pokarna’s wholly owned subsidiary, Pokarna Engineered Stone (PESL) is planning to expand its quartz surfaces production capacity by 130 percent by developing a Greenfield production facility.

The company will make an investment of Rs 325 crore towards the project. The production area of the facility will be around 50,000 sq mtr.

The company will fund the project through free cash flow/internal accruals of Rs 75 crore and loan facilities of Rs 250 crore. The investment is likely to be completed by June 2018.

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