Fabex Steel Expands Capacity, Targets INR 1000 Cr Revenue

Fabex​‍​‌‍​‍‌​‍​‌‍​‍‌ Steel Structures' second manufacturing unit at Chityal, near Hyderabad, is a major milestone in their production capacity.

The newly built 40-acre facility will be the source for industrial applications of pre-engineered buildings such as factories, warehouses, and logistics setups. This facility has been developed with an investment of ₹120 crore.

With the help of this new plant, Fabex's yearly production capacity will get a boost of 50,000 metric tonnes, in other words, the company will be able to produce up to 1 lakh metric tonnes per annum across its two units. Their existing plant at Vijayawada is still open for business both locally and internationally and meets the demand for pre-engineered buildings and structural steel.

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Fabex Steel Structures Co-founder and MD, Venu Chava, said that the corporation was planning to invest another ₹100 crore within 24 to 36 months. The money to be spent in the future will be directed towards the automation of the plant, increasing the output and the product line expansion.

Fabex Steel Structures sets an ambitious target to reach a ₹1,000 crore revenue mark within the upcoming 3 years supported by capacity expansion, technological innovation, and increased demand for advanced steel infrastructure in India.

The organization's progress toward operational excellence and modernization serves as a testament to its pledge to India's industrial and logistics sector growth by providing top-notch, eco-friendly steel ​‍​‌‍​‍‌​‍​‌‍​‍‌solutions.