Varmora to invest Rs 300 crore in two greenfield tile plants in Gujarat

One of the leading tile and bathware brands, Varmora Granito Pvt Ltd, is setting up two plants at Morbi in Gujarat for manufacturing large format glazed vitrified (GVT) tiles.  The company is planning to invest around Rs 300 crore for 35,000 sq meters per day facility which is expected to be commissioned by April 2021. Even as the new project looks to generate 1,200 direct & indirect employment opportunities, the company has set a target of Rs 1600 crore revenue in the next 2-3 years, with Varmora Granito reporting sales of Rs 1100 crore for the fiscal year 2019-20.  Acco.....

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