Carysil Ltd renews Contract with KARRAN INC. USA for supply of Quartz Kitchen Sink

Carysil Limited (Formerly Known as Acrysil Ltd.), one of the leading manufacturer of "Quartz Kitchen Sinks" in world with German technology, has renewed its Contract with "KARRAN INC. USA", for the supply of Quartz kitchen sinks for value of ~ USD 68 million equivalent to ~ Rs. 550 Crores over the period of 5 years commencing from FY24.

Commentating on the above, Mr Chirag Parekh, Chairman & Managing Director, Carysil Limited, said: "We are happy to enter into contract for the supply of Quartz kitchen sinks to 'KARRAN' for US market over the period of five years. We value our business relationship with Karran and expect to strengthen it further in coming years. KARRAN is rapidly taking over Quartz Kitchen Sink sales in USA from most other manufactures.

We understand that global customers are looking at trusted supply manufacturing partner in India; hence, the Europe+1 strategies have begun to play to a large extent. Considering the expected global demand, we have expanded our manufacturing capacities.

After receiving an overwhelming response to our products at the KBIS 2023 trade show in Las Vegas, Nevada (United States), we are confident that our product quality and reliability have earned us a strong reputation among our customers globally.

We are committed to our global expansion plan and hence strengthening our position in the US market to provide the highest quality products and services to our customers, including the latest eco-friendly products."

Shares of Carysil Limited was last trading in BSE at Rs. 525.85 as compared to the previous close of Rs. 548.75. The total number of shares traded during the day was 4441 in over 533 trades.

The stock hit an intraday high of Rs. 549.00 and intraday low of 522.25. The net turnover during the day was Rs. 2388805.00.

Source : Equity Bulls

Keywords

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