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Stock Report
Orientbell Tiles announces completion of New Glazed Vitrified Tiles Line at DORA adding capacity of ~3.3 MSM p.a.
Posted On : 2023-09-28 11:10:30( TIMEZONE : IST )
Orient Bell Limited (BSE: 530365; NSE: ORIENTBELL), hereby announces the completion and commissioning of New Glazed Vitrified Tiles (GVT) Line at the Plant at Dora, near Vadodara, Gujarat well ahead of schedule and within the expected budget.
Post this expansion, the total GVT capacity at Dora has increased from 2.2 MSM p.a. to 5.5 MSM p.a. - an increment of 3.3 MSM p.a.
"Over the last 5 years, we have consistently deployed available business surpluses in modernizing & strengthening our own manufacturing facilities.
With the New GVT line Project at Dora commencing commercial production now, once again our team has illustrated our ability to complete projects well within agreed targets.
This new GVT line at Dora will ensure that we are able to offer improved products to our customers in the Bigger and Higher growth markets of South & West enabling "Scale Up". At the same time, the improved product mix will also aid margin expansion once the capacities get fully absorbed." Aditya Gupta, CEO of the Company commented.
About Orient Bell Ltd: Orientbell Tiles is a leading brand and manufacturer of ceramic & vitrified tiles with over 4 decades of serving customers across India. The Company has an annual capacity of ~37 million sq. meters, distributed across 3 plants, Sikandrabad, Hoskote and Dora and 2 associates entities in Morbi. The Company is ISO 9001, ISO 14001 and OHSAS 1800 certified with Zero Waste facilities. With over 3,000+ designs and having a strong distribution channel of 2000+ channel partners, the Company has a growing presence across major markets in India.
Shares of Orient Bell Limited was last trading in BSE at Rs. 462.65 as compared to the previous close of Rs. 463.00. The total number of shares traded during the day was 1117 in over 68 trades.
The stock hit an intraday high of Rs. 467.10 and intraday low of 453.00. The net turnover during the day was Rs. 512047.00.
