NCL Buildtek is the new name of NCL Alltek & Seccolor, a change to reflect the range of building materials the NCL group firm has come to deal with over the years, from windows, doors, putties, paints and building blocks to tiling solutions.
The new identity is designed to help clients visualize a one-stop solution for all their building material needs, managing director K. Madhu said. NCL Buildtek, he added, wants to add more products, grow footprint across the country and also make an IPO (initial public offer).
In an interaction at the new premises of the company on Friday, he said NCL Alltek and NCL Seccolor were started as separate companies in the late 1980s and were subsequently merged.
“Originally, Alltek was manufacturing spray plasters that are acrylic putty and textured paints and Seccolor was manufacturing color coated steel windows with technology from Italy,” he explained.
“We added a lot more building material over time. The Alltek plant in Suryapet district started manufacturing emulsion paints, cement-based products like white cement-based putty and cement renders. At Seccolor [facility in Sangareddy district], we got into uPVC windows. We have 10 fabrication centers of uPVC across the country… forayed into ABS doors and aluminum windows,” he said.
Steel door unit
There are plans to set up a steel door unit in Sangareddy district, with an investment of over ₹10 crores, once the company gets possession of seven acres allotted to it by the government, he added.
The company is setting up an ACC (autoclaved aerated concrete) block manufacturing unit in Nellore. “We are investing ₹80 crores on the plant, which is one of the biggest investments,” Mr. Madhu said about the second such but larger facility of the company.
The Nellore plant can produce about 5 lakh cubic meters of AAC blocks per year, while the capacity of the first plant near Vijayawada is about 2.2 lakh cubic meters.
“At the Nellore facility, we have started trial runs. The plant would be fully operational by March 2020 making it the largest [such] plant in south India.”
The company also plans to expand its putties and paint manufacturing facilities near Delhi.
From being a company well known in south India and catering to customers in some parts of north India and doing projects in north-east, the NCL Buildtek would like to grow its footprint. Last fiscal, it had clocked revenues of ₹375 crores.
Source: The Hindu