Delhi-based building materials manufacturer Sakarni Plaster (India) Ltd has announced plans to invest approximately ₹450 crore over the next two years. The capital will be deployed to establish two new manufacturing plants and to increase production capacities at its existing facilities.
The company currently operates 12 manufacturing plants, primarily located in Rajasthan. Its product portfolio includes Plaster of Paris (POP), cement and acrylic-based wall putties, gypsum boards, premium paints, tile adhesives, construction chemicals, waterproofing systems, and crack-resistant surface solutions. During the last fiscal year, the company's total revenue stood at ₹900 crore.
According to Ashok Gupta, Chairman and Managing Director of Sakarni Plaster, the expansion strategy involves specific regional projects. The company will set up a gypsum boards plant in Andhra Pradesh and a paint plant in Mathura, Uttar Pradesh. Land for the Mathura plant has already been acquired.
The Andhra Pradesh project is tied to a joint venture initiated last year, when the company signed definitive agreements with Coromandel Chemicals Ltd to manufacture and sell Phospho Gypsum-based green building materials. This specific facility will involve an investment of ₹150 crore.
Overall, the total capital expenditure of ₹400 to ₹450 crore will be funded through a combination of internal accruals and bank loans.
Alongside its manufacturing expansion, Sakarni Plaster launched a new gypsum plaster product named 'Suntara' on Tuesday, aimed at strengthening its market presence in India's building-materials sector. The company distributes its products through a dealership network, with North India currently accounting for 70 percent of its total turnover.
Commenting on market conditions, Ashok Gupta noted that India's construction and real estate sectors are entering a phase of sustained expansion. He added that this growth creates significant opportunities for organised building-material manufacturers, particularly as Plaster of Paris remains essential across residential, commercial, and interior applications.
"Sakarni Plaster's capital expenditure strategy highlights the strong correlation between India's expanding real estate sector and the growth of organized building material manufacturers. By funding this ₹450 crore expansion through internal accruals and bank loans while simultaneously forming strategic joint ventures for green building materials, the company is positioning itself well to capture regional demand. Scaling manufacturing capacity closer to high-growth markets like Andhra Pradesh and Uttar Pradesh will also help optimize supply chain efficiencies in the long run." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
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