HRS AluGlaze Initiates Construction of ₹216 Crore Gujarat Facility
HRS AluGlaze Limited has started constructing a new industrial manufacturing facility in Gujarat, valued at ₹216 crores. The project aims to expand production capacity and improve operational efficiency in response to growing demand. The facility, located in Rajoda, Ahmedabad, is expected to be completed in 15 months. Chavda Infra Limited has been appointed for turnkey construction. The project is financed through internal accruals and project-linked funding, with no anticipated material adverse impact on the company's financial position.
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HRS AluGlaze Limited has begun construction of a new industrial manufacturing facility in Gujarat, marking a significant step in the company's capacity expansion and growth strategy. The project, valued at ₹216 crores, aims to enhance production capacity and operational efficiency.
Project Overview and Strategic Rationale
The decision to establish this new facility stems from consistent growth in the company's operations and order execution capabilities, particularly in aluminium architectural systems, facade, glazing, and allied segments. To address increasing demand and improve operational efficiencies, the Board of Directors approved this manufacturing infrastructure expansion.
HRS AluGlaze has entered into a construction arrangement with Chavda Infra Limited, a reputed infrastructure and construction company, for turnkey construction of the factory building.
Project Specifications
The comprehensive details of this significant industrial development are outlined below:
| Parameter | Details |
|---|---|
| Nature of Project | Industrial Manufacturing Facility |
| Location | Bavla-Sanand Road, Rajoda, Ahmedabad, Gujarat |
| Scope of Work | Turnkey construction including civil, structural and allied works |
| Estimated Cost | ₹216.00 crores (excluding applicable taxes) |
| Project Duration | Approximately 15 months |
| Execution Mode | Turnkey basis through appointed contractor |
Expected Benefits and Strategic Impact
The proposed manufacturing facility is designed to deliver multiple strategic advantages for HRS AluGlaze Limited:
- Enhanced production capacity: Enabling the company to service larger and more complex projects
- Improved cost efficiencies: Better turnaround time and quality control measures
- Revenue growth support: Enhanced scalability for future operations
- Strengthened competitive positioning: In the aluminium and facade solutions space
- Robust platform creation: For long-term value generation for shareholders
The facility will align with modern industrial standards and support the company's medium-to-long-term business roadmap.
Financial Structure and Implementation
The project financing will utilize a prudent mix of internal accruals and project-linked funding, as determined appropriate by management. HRS AluGlaze Limited does not anticipate any material adverse impact on its financial position due to this project.
Construction activities are being undertaken in a phased and monitored manner to ensure timely completion, cost discipline, and compliance with applicable statutory norms. This systematic approach demonstrates the company's commitment to efficient project execution and risk management.
The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has committed to keep the stock exchange informed of material developments and project milestones as required.
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