Welspun Flooring, a part of line pipes and home textiles major Welspun Group, is investing Rs. 200 crore to enhance its production capacity.
The company is currently at three million sq. m capacity on the hard flooring. It will be ramping up this capacity to 12 million sq. m.
The additional investment will be about Rs. 200 crore for hard flooring and also for soft flooring for which it is adding its capability.
It is looking at around Rs. 250 crore revenue by the end of 2020. This will be 2.5 times of 2019. In FY21 it is looking at over Rs. 500-600 crore revenue.