{"id":13537,"date":"2021-06-30T05:05:40","date_gmt":"2021-06-30T05:05:40","guid":{"rendered":"http:\/\/thepurbottar.in\/?p=13537"},"modified":"2021-06-30T05:05:43","modified_gmt":"2021-06-30T05:05:43","slug":"asian-granito-subsidiary-completes-major-expansion","status":"publish","type":"post","link":"https:\/\/thepurbottar.in\/asian-granito-subsidiary-completes-major-expansion\/","title":{"rendered":"Asian Granito subsidiary completes major expansion"},"content":{"rendered":"\n<p>Asian Granito India Limited (AGIL) has completed a major expansion at its subsidiary, Crystal Ceramic Industries Private Limited (Crystal Ceramics). Crystal Ceramics added brown field expansion of 12,000 Square meters per day in a new production line of Glazed Vitrified Tiles at its Mehsana Plant in Gujarat. Crystal Ceramics Industries Limited has invested Rs. 25-Crore for this expansion. Asian Granito holds a 70% equity stake in Crystal Ceramics.<\/p>\n\n\n\n<p>This expansion will increase the total capacity of Crystal Ceramics to 36,000 Square meters per day. The capacity addition will add an incremental sales of around Rs. 70-75-Crore per annum in Crystal Ceramics and Asian Granito India Limited consolidated turnover. Crystal Ceramics reported Turnover of Rs. 184.45-Crore in FY 21. For FY21, Company reported a net profit of Rs. 57.23-Crore on consolidated basis &#8211; growth of 36% Y-o-Y. Net Sales for FY21 was reported at Rs. 1,292-Crore with 6% growth Y-o-Y.<\/p>\n\n\n\n<p>AGIL has the widest range of products including, ceramic floor, digital wall, vitrified, parking, porcelain, glazed vitrified, outdoor, natural marble, composite marble &amp; Quartz, etc. To provide a complete bathing solution to its customers, the Company added CP Fittings and Faucets to its sanitary division.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asian Granito India Limited (AGIL) has completed a major expansion at its subsidiary, Crystal Ceramic Industries Private Limited (Crystal Ceramics). Crystal Ceramics added brown field expansion of 12,000 Square meters per day in a new production line of Glazed Vitrified Tiles at its Mehsana Plant in Gujarat. Crystal Ceramics Industries Limited has invested Rs. 25-Crore [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sb_editor_width":"","footnotes":""},"categories":[7],"tags":[668,59],"class_list":["post-13537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-asian-granito","tag-business"],"aioseo_notices":[],"relative_dates":{"created":"3 years ago","modified":"3 years ago"},"_links":{"self":[{"href":"https:\/\/thepurbottar.in\/wp-json\/wp\/v2\/posts\/13537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepurbottar.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepurbottar.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepurbottar.in\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepurbottar.in\/wp-json\/wp\/v2\/comments?post=13537"}],"version-history":[{"count":1,"href":"https:\/\/thepurbottar.in\/wp-json\/wp\/v2\/posts\/13537\/revisions"}],"predecessor-version":[{"id":13539,"href":"https:\/\/thepurbottar.in\/wp-json\/wp\/v2\/posts\/13537\/revisions\/13539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thepurbottar.in\/wp-json\/wp\/v2\/media\/13538"}],"wp:attachment":[{"href":"https:\/\/thepurbottar.in\/wp-json\/wp\/v2\/media?parent=13537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepurbottar.in\/wp-json\/wp\/v2\/categories?post=13537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepurbottar.in\/wp-json\/wp\/v2\/tags?post=13537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}