Carysil Limited acquires land at Bhavnagar, Gujarat, for the future expansion

Carysil Limited (Formerly Known as Acrysil Ltd.), the largest manufacturer of "Quartz Kitchen Sinks" in Asia with German technology, has announced the acquisition of 60,000 square meters and in Bhavnagar, Gujarat, close to our existing factory, at the cost of "Rs 8 crore for the future expansion and the new projects.

Commentating on the above, Mr. Chirag Parekh, Chairman & Managing Director, Carysil Limited, Said: "Over the last 2 decades, we have been working on the company's continued growth, for which we have fully utilised our existing land for capacity expansion and new product development. For the next leg of the growth, the company has acquired about 60,000 square meters of land for future expansion and new projects.

At Carysil, we are continuously focusing on the expansion of the company by catering to the requirements of our global customers. We believe that our core strength is our ability to innovate and provide value-added and high-quality products to our global customers. We are optimistic about the long-term demand for our products across all categories."

Shares of Carysil Limited was last trading in BSE at Rs. 449.40 as compared to the previous close of Rs. 445.25. The total number of shares traded during the day was 6206 in over 682 trades.

The stock hit an intraday high of Rs. 454.30 and intraday low of 435.95. The net turnover during the day was Rs. 2756222.00.

Source : Equity Bulls

Keywords

Carysil INE482D01024 LandAcquisition Expansion Bhavnagar Gujarat