Somany Max Pvt Ltd commences commercial production at Gujarat

Somany Max Private Limited, a Subsidiary Company of the Somany Ceramics Limited, has commenced its Commercial production of Greenfield manufacturing facility of large format/slab tile of approximately 4 million square meters per annum in Gujarat, with an estimated investment of Rs. 185 Crores w.e.f. 29th January, 2024. The said manufacturing facility has potential to generate revenue of approx. Rs. 250 Crores per annum on full capacity utilisation.

Shares of Somany Ceramics Limited was last trading in BSE at Rs. 683.25 as compared to the previous close of Rs. 677.65. The total number of shares traded during the day was 1543 in over 350 trades.

The stock hit an intraday high of Rs. 686.30 and intraday low of 672.95. The net turnover during the day was Rs. 1047214.00.

Source : Equity Bulls

Keywords

SomanyCeramics INE355A01028 SomanyMax CommercialProduction GreenfieldManufacturingFacility