Pokarna to invest Rs 440 crore in expanding Telangana plant capacity

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Times of India 13h ago

Pokarna to invest Rs 440 crore in expanding Telangana plant capacity - Times of India

Quick Summary:

Pokarna Ltd's subsidiary, PESL, is investing Rs 440 crore to expand its quartz surface production capacity in Telangana by 8.1 lakh sq mt.

The expansion, to be funded through internal accruals and debt, is expected to be operational by March 2026 and will include a third Bretonstone production line.

The company also said it has posted a 54% jump in profit after tax (PAT) for the second quarter ended Sept 2024 at Rs 78 crore on a 22% rise in total revenue for the quarter at Rs 451 crore.