State run Hindustan Prefab said that it will set up 6 pre fabricated concrete and steel components manufacturing plants across the country in the next five years, with an investment of around INR 600 crore.

Mr Jaiveer Srivastavaa CMD of Hindustan Prefab said “We have got in principle approval from the government to put up these factories. These will come up in Delhi, NCR, Mumbai and one each in the eastern, southern and north eastern parts of the country. These will come in phases over the next 5 years.”

Mr Srivastavaa said the plants would manufacture prefabricated concrete and steel components like floor, wall and roof panels, columns and beams, almost all required to erect a prefabricated building which save cost and time.

While the proposed plant in Delhi is expected to be operational in the next six months as the company is in possession with the land and other necessary clearances, the second one might take around three years from now to go on stream, he said, on the sidelines of National CSR Conclave organised by PSUs here.

He said "We had reported INR 203 crore turnover in the last fiscal. In the current fiscal, it is expected to touch INR 250 crore to INR 300 crore. In three years from now, when at least two of our factories start production, our topline should be around INR 1,000 crore. Once all the proposed six proposed factories would be operational, Hindustan Prefab's turnover will go up to INR 2,000 crore.”

(Sourced from PTI)