SOMANY CERAMICS LTD. - 531548 - Intimation Regarding Commencement Of Commercial Production Of Subsidiary Company At Gujrat.
This is reference to our earlier intimation dated 3rd February, 2022, pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we would like to inform that the Somany Max Private Limited, a Subsidiary Company of the Somany Ceramics Limited, has commenced its Commercial production of Greenfield manufacturing facility of large format/slab tile of approximately 4 million square meters per annum in Gujarat, with an estimated investment of Rs. 185 Crores w.e.f. 29th January, 2024. The said manufacturing facility has potential to generate revenue of approx. Rs. 250 Crores per annum on full capacity utilisation. The aforesaid information can also be accessed on the website of the Company at www.somanyceramics.com.29-01-2024