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Aro Granite Industries To Set Up Quartz Manufacturing Plant In Tamil Nadu
2019-01-19 Announcements Building Materials Southern India
Aro Granite Industries Limited had announced that the Board of Directors of the Company in its meeting have approved the installation of a new Plant for manufacturing Quartz. The new Quartz Plant, (Engineering Stone) with an installed capacity of 180,000 Sq. Mtrs. will be set up in the existing unit at Hosur, Tamil Nadu, by constructing a new Shed of 7, 600 Sq. Mtrs. The total project outlay will be approximately Rs 31.00 Crores which will be met out of internal accruals and supplier credit. The machine line will be imported from China and the payment will be made in instalments within an overall repayment period of 720 days. The commercial production is expected to commence during Q4 FY2019-20.