Asian Granito's subsidiary completes brown field capacity expansion

Crystal Ceramics Industries, a material subsidiary of Asian Granito India, where Asian Granito is holding 70% of equity, has completed 12000 SQMTS/days of Glazed Vitrified Tiles brown field capacity expansion at its Meshana Plant.

This capacity addition will increase total capacity of Crystal Ceramics to 36000 SQMTS/day. Crystal Ceramics is planning to manufacture large format 600X1200 mm GVT tiles for domestic and export market with this expansion.

Crystal Ceramics Industries has invested Rs. 25 crores for this expansion. This strategic brownfield expansion was planned keeping in mind low cost natural gas benefit at Crystal Ceramics, which helps company to further reduce its manufacturing cost.

Crystal Ceramics reported Turnover of Rs. 184.45 Crores in FY 21. The capacity addition of 12000 SQMTS/day will add incremental sales of around Rs.70-75 crores in Crystal Ceramics and Asian Granito India consolidated turnover.

AGIL has reported consolidated turnover of Rs. 1292.30 crore in FY21. With this capacity expansion Asian Granito on a consolidated basis will further improve its market share in domestic and export market.

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