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Hot Pursuit News

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(26 Dec 2023, 11:51)

Asian Granito spurts on commencing sanitaryware production at Gujarat

Asian Granito India rallied 7.37% to Rs 79.69 after the company has taken a strategic leap into sanitaryware production.

The company has commenced commercial operations at its wholly-owned subsidiary, AGL Sanitaryware at Morbi, Gujarat. With a strategic shift from third-party sourcing to internal manufacturing and a comprehensive product portfolio.

The firm expects turnover of around Rs 400 crore from sanitaryware & bathware division in five years. The company has embarked on a journey of Enhanced Strategic Integration Programme (ESIP) to achieve a long-term vision of achieving a total revenue of Rs 6,000 crore.

AGL Sanitaryware has successfully completed the construction of the cutting-edge plant. Installed capacity of the sanitaryware plant is 0.66 million pieces per annum and the company commence commercial operation on 1st October 2023.

The company offers an extensive range of over 300 SKUs ...

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