Carysil Limited enters into agreement with KARRAN Inc for supply of Quartz Kitchen Sinks

Carysil Limited has entered into an agreement with KARRAN INC., USA (Karran) for the supply of Quartz kitchen sinks to fulfill requirements of new major U.S. home retail chain. The key terms of our agreement are as follows:

- Carysil will dedicate the production of minimum capacity of 150,000 Quartz sinks per annum, commencing in May-2025 for this new Customer.

- To support this commitment, initial investment of ~USD 510,000 in molds, machinery and utilities will be made.

Commentating on the above, Mr. Chirag Parekh, Chairman & Managing Director, Carysil Limited, Said: "We are delighted to announce that Carysil has entered into an agreement with KARRAN INC., USA, to supply quartz kitchen sinks for a new major US Home retail chain having~1800 stores across the United State. Our partnership with Karran began in 2017 and has grown steadily over the years, resulting in this significant market presence. This collaboration highlights Carysil's commitment to providing high-quality products while expanding our global kitchen and home improvement market share.

We will dedicate a production capacity of 150,000 Quartz sinks p.a. commencing from May 2025, for this new tie-up. An initial investment of USD ~5,10,000 (Rs. ~4.5 Crore) is being allocated towards molds, machinery, and utilities to support this production.

This partnership marks a key milestone for Carysil, further strengthening our footprint in the U.S. market and positioning us to leverage our expertise in manufacturing and designing innovative quartz sinks."

Shares of Acrysil Limited was last trading in BSE at Rs. 620.20 as compared to the previous close of Rs. 605.60. The total number of shares traded during the day was 73759 in over 6251 trades.

The stock hit an intraday high of Rs. 645.00 and intraday low of 580.00. The net turnover during the day was Rs. 45705130.00.

Source : Equity Bulls

Keywords

Carysil INE482D01024 Agreement KARRAN QuartzKitchenSinks USHomeRetailChain