DCM Shriram’s arm Fenesta has invested around Rs 25 cr to set up a factory in Bhiwadi, Rajasthan for manufacturing of aluminium windows and doors as it seeks to expand and gain market share.
New Delhi:
DCM Shriram, a diversified firm with presence in seeds, fertilisers, chemicals and sugar businesses, entered into UPVC windows and doors business in 2002 through its unit Fenesta Building Systems and is now expanding product portfolio to aluminium.
Fenesta contributed about Rs 420 cr to the DCM Shriram’s total turnover, which stood at nearly Rs 7,800 cr during the last fiscal year. “We have set up a new facility for system aluminium windows and doors. This is located at our existing facility of UPVC doors and windows at Bhiwadi,” Fenesta Business Head Saket Jain said.
It has invested around Rs 25 crore on this new plant and will infuse Rs 10 cr more over the next one year to grow this business. “The market size of doors and windows is huge in India at around Rs 15,000 cr annually. Out of this, around 65 per cent is aluminium, 22-23 per cent wood and 12-13 pc UPVC,” Jain said.
Fenesta’s three fabrication units are at Bhiwadi, Chennai and Hyderabad.