Asian Granito India completes land acquisition for its three new greenfield manufacturing plants in Morbi, Gujarat

Asian Granito India Limited (AGL), one of many largest Luxurious Surfaces and Bathware Options manufacturers within the nation has accomplished land acquisition for all its three upcoming greenfield manufacturing crops in Morbi, Gujarat. The Firm plans to begin civil works together with website growth, constructing – building and engineering works on the three manufacturing websites quickly.

Underneath mega growth plans, the Firm plans to arrange three state-of-the-art manufacturing services at Morbi, Gujarat in Worth Added Luxurious Surfaces & Bathware Segments together with GVT Tiles, Sanitaryware and SPC Flooring.

The Firm can be organising one of many India’s largest Show Centre at Morbi.

Commenting on the event, Kamlesh Patel, Chairman and Managing Director, Asian Granito India Ltd stated, “Firm has accomplished land acquisition and needed due diligence together with land cost, registration and stamp responsibility charges for organising crops beneath Future Ceramics Pvt Ltd, AGL Sanitaryware and AGL Surfaces Pvt Ltd. Civil & engineering works on the websites will start very quickly.

Firm has acquired 69,506 sq mtr for Future Ceramics plant, 18,715 sq mtr for AGL Surfaces Plant and 45,122 sq mtr for AGL Sanitaryware plant respectively. AGL is anticipated to strengthen its management place and anticipated to generated gross sales of Rs. 1,000 – 1,200 crore every year from the three crops and show centre.”

Asian Granito India ended at Rs60.75 apiece down by Rs4.65 or 7.11% from its earlier closing of Rs65.40 apiece on the BSE.