HSIL plans to invest Rs 500cr in 3 new plants in Gujarat

Hindustan Sanitaryware & Industries (HSIL) plans to invest Rs 500 crore in the next seven years to set up three new plants in Gujarat.

The company that has signed a memorandum of understanding (MoU) signed with the state government will set up a plant each for producing sanitaryware, tiles and bathroom fittings.

"We would be investing Rs 500 crore in three phases to set up three manufacturing facilities in Jhagadia in the next seven years," HSIL President R B Kabra told PTI.

In the first phase, the company plans to invest Rs 125 crore to set up a sanitaryware facility that will have an initial annual capacity of 1.2 million pieces.

It will be expanded to 2 million pieces in the second phase at an investment of Rs 150-175 crore, along with setting up a tiles manufacturing unit.