PIL ITALICA plans to increase production by 3,600MT with expansion in Southern India base

Company is presently having a fulfillment center at Bangalore and is now planning to set up fulfillment center in Hyderabad and Chennai.

Jun 14, 2021 03:06 IST India Infoline News Service

PIL ITALICA has announced its plans to expand its base in the 5 states of Southern India by setting up or acquiring or leasing additional manufacturing facilities to increase production by 3,600 M.T. per annum.

To cater to the Southern India market, the Company is presently having a fulfillment center at Bangalore and is now planning to set up fulfillment center in Hyderabad and Chennai.

"These fulfillment centers will provide faster distribution to our current distributors and dealers and will also enable the Company to expand further and faster across Southern India," said company in a filing.

PIL ITALICA will announce its ambitious 5 Year Mega Expansion Plan in its AGM on 24th June 2021.

At around 3:00 PM, PIL Italica was trading at Rs10.42 per piece down by 2.54% on the BSE.

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