Kajaria Ceramics gains on completing expansion of Rajasthan, Andhra Pradesh facilities
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Kajaria Ceramics is currently trading at Rs. 943.15, up by 0.95 points or 0.10% from its previous closing of Rs. 942.20 on the BSE.
The scrip opened at Rs. 968.90 and has touched a high and low of Rs. 968.90 and Rs. 920.00 respectively. So far 6064 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1379.00 on 19-Jan-2022 and a 52 week low of Rs. 876.85 on 17-May-2021.
Last one week high and low of the scrip stood at Rs. 1000.00 and Rs. 920.00 respectively. The current market cap of the company is Rs. 14907.87 crore.
The promoters holding in the company stood at 47.50%, while Institutions and Non-Institutions held 41.59% and 10.91% respectively.
Kajaria Ceramics has successfully completed expansion of manufacturing facilities at Rajasthan and Andhra Pradesh. Also, both manufacturing facilities have commenced their commercial production with effect from May 16, 2022.
The capacity of manufacturing facility at Gailpur (Rajasthan) is increased to 4.20 MSM (per annum) for manufacturing of ceramic floor tiles and capacity of manufacturing facility at Srikalahasti, Chittoor (Andhra Pradesh) is increased to 3.80 MSM (per annum) for manufacturing of vitrified tiles.
Kajaria Tiles (KTPL) has been amalgamated with the company through the order of the National Company Law Tribunal, Chandigarh bench dated November 26, 2021. Hence, the manufacturing facility at Srikalahasti, Chittoor (Andhra Pradesh) has now become the manufacturing facility of the company.
Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India.
