Manufacturer of building materials Aparna Enterprises announced that it would invest 150 crore in 2023–2024 to grow its business.

About 100 crore of the anticipated 150 crore investment will be used to set up an uPVC production facility at Rudraram, close to Hyderabad. With the new investment, the company will be able to boost its monthly output of uPVC profiles by 70%, from 700 tonnes to 1,200 tonnes.

From the current capacity of 20,000 sq metres, the production capacity of windows would increase by 1.5 times to 50,000 sq metres.

We will invest ₹50 crore to expand our tiles, ready-mix concrete (RMC), and aluminium businesses,” the Aparna Group company said.

We see a good opportunity as the building materials industry is witnessing tremendous growth due to factors such as urbanisation, infrastructure development, and the soaring demand for real estate,” it said.

Stating that the sector is likely to grow at 8-12 per cent over the next five years, it said the company is well-positioned to meet this demand.

We are confident that our investment in the new uPVC facility and the expansion of our tiles, RMC, and aluminium businesses will enable us to cater to the evolving needs of our customers while strengthening our market presence. We are targeting a revenue of ₹2,100 crore by the end of this financial year,” Ashwin Reddy, Managing Director of Aparna Enterprises Ltd, said here in a statement on Tuesday.