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Our Bureau

Hyderabad , March 3

HINDUSTAN Sanitaryware & Industries Ltd (HSIL) has embarked upon an Rs 20-crore expansion at its Hyderabad unit.

Addressing newspersons after inaugurating an exclusive showroom here on Thursday, the HSIL Chairman and Managing Director, Mr R.K. Somany, said the expansion project would be completed by September-end.

Following the expansion, the company's sanitaryware products capacity would increase to 19,000 tonnes per annum (tpa) from the existing 13,000 tpa.

According to Mr Somany, the company had to expand the capacities to meet the growing demand in view of the increasing construction activity across the country.

Against the industry average of 10-12 per cent growth, the company expects to post a growth of 15-16 per cent and a total turnover of Rs 340 crore for the current fiscal compared to Rs 310 crore in the previous fiscal.

Of the around Rs 1,200 crore domestic sanitaryware market, the organised sector accounts for around Rs 600 crore and HSIL enjoys a market share of 34 per cent, Mr Somany said.

Having around 700 direct dealers, 70 exclusive showrooms and boutiques, the company has also embarked upon an expansion of its network.

The company has finalised plans to set up Hindustan Sanitaryware Arcades in the metros, to display the entire product range in these Arcades, in the next one to one-and-a-half years time, Mr Somany said.

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