 "Vikram Somany, Chairman and Managing Director, Cera Sanitaryware")
Ahmedabad-based Cera Sanitaryware Limited is set to expand its sanitaryware and faucetware manufacturing capacity in two phases for a capital expenditure (capex) of nearly Rs 200 crore.
The Board of Directors on Tuesday approved the capex of around Rs 197 crore for the company's expansion plans including a greenfield sanitaryware plant and a brownfield faucetware unit. Currently, Cera Sanitaryware Ltd. has a sanitaryware capacity of 2.5 million pieces per annum (mppa) and faucetware capacity of 3 mmpa. The company informed exchanges that the existing capacity utilisation is close to 90-100 per cent.
The expansion plan includes a greenfield plant with an initial
