HYDERABAD: Pokarna Ltd on Tuesday said its wholly-owned subsidiary Pokarna Engineered Stone Limited (PESL) is making a strategic investment of Rs 440 crore to add another 8.1 lakh sq mt of capacity at its facility in Mekaguda in Telangana by the fourth quarter of financial year 2025-26.
The expansion is aimed at meeting the growing demand for premium quartz surfaces globally while enhancing its production capacity and operational efficiency, Pokarna Ltd said in a regulatory filing with the bourses.
The company said it intends to fund the investment through internal accruals and debt.
Set to be operational by March 2026, the new line will empower PESL to meet the surging
demand for innovative products and will introduce its third Bretonstone production line from Breton SpA of Italy.
PESL chairman & managing director Gautam Chand Jain said the investment reflects PESL’s efforts to cater to the global market with products that merge sustainability with superior craftsmanship and will help the company solidify its position on the global stage.
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.