Finolex to Invest Rs 250 Cr in pipe manufacturing to cater the realty segment

By Rohit Sharma

Real Estate industry is a major contributor towards the economy and its rapid growth may contribute more for the nation. The government’s initiative to provide ‘House for all by 2022’ is a major boost to the sector, this lead to an increase in demand and supply. In an exclusive interview with Nitin Kulkarni, President Sales and Marketing Finolex Industries Ltd. revealed the reasons for the growth in realty sector and spoke about the expansion of a business. Originally the company is into agricultural segment provides manufacturing pipes and many things, but now it has extended its arms into the non-agriculture segment which will provide a complete range of products for homes.

1. With what investment value Finolex has entered into Real Estate market?

Finolex enjoys the market leadership position in Agri segment and has adequate production capacity for manufacturing Pipes and Fittings for the Non-Agri segment also, comprising of Construction, Real Estate and Infrastructure. We have a complete range of SKUs and Products Ranges specific to the Non-Agri segment. Foraying into this segment, along with our product range in ASTM, SWR, Drainage/Sewerage pipes, we also tied-up with Lubrizol of USA for Finolex FlowGuard Plus CPVC pipes and fittings. We are investing around Rs. 250 crores over 2 years to expand our pipe & fittings capacity.

2. What is the reason behind expanding your business in infrastructure and real estate market?

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