Tile company Asian Granito India is looking to double its revenue to Rs 2,000 crore in the next four years as it plans to focus on high value products, including digital ceramic tiles.
Marble and quartz stone segment is one of the top focus areas for the company, Asian Granito said in a statement.
As part of its expansion, the company started commercial production this month at its Himmatnagar quartz stone plant.
"We have a vision to be among the top three tiles companies and reach revenue of Rs 2,000 crore by year 2020," Asian Granito India Chairman and MD Kamlesh Patel said.
We expect the quartz stone and marble segment to grow to Rs 350 crore turnover by then, he added.
With an investment of Rs 20 crore, the company has doubled its quartz stone capacity to 1,600 square meters per day, the statement said.
The company said the new expansion at quartz is likely to fetch additional sales of Rs 60 crore in FY 17-18.
It also announced receiving orders worth Rs 25 crore from domestic and exports market.
Asian Granito India Managing Director Mukesh Patel said: "The company will aggressively expand its dealer distributor network and showrooms to achieve this target".
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