Hindware Home Innovation (Formerly Somany Home Innovation) has been meeting institutional investors such as Lucky Investment Managers, MK Ventures, Equity Intelligence, DSP Investment and domestic fund houses. Hindware Home Innovation deals with consumer appliances and retail. Post-re-branding the co is pushing for plastic pipes and fittings business brand TRUFLO and aims to be amongst the top 5 players in the next 5 years. Capex plans for TRUFLO include a new manufacturing facility being set up in Uttrakhand with an investment outlay of Rs 180 crore. The targeted initial production capacity will be 12,500 MT annually. The stock has risen 5% in the last 3 sessions.
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