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Cera Sanitaryware to invest Rs197 crore in sanitaryware, faucetware expansion; Stock zooms 4.5%

Cera Sanitaryware Ltd has knowledgeable that the Board of Administrators at their assembly held on Could 10, 2022 has authorised the Mission Capex for the growth of Greenfiled Sanitaryware plant and Brownfield faucetware plant.
As per the submitting, the current capability of the Sanitaryware is 25 Lacs items p.a. and of Faucetware is 30 Lacs items p.a., which can range from completely different merchandise produced infrequently.

The Board of Administrators has authorised the capex of Rs197 crore for the corporate’sexpansion plans and the mode of financing can be from Inner Accruals solely, no debt elevating is envisaged, stated firm.

The rationale behind growth is:

  • To extend share of excessive finish SKU’s.

  • To fulfill the amount necessities for an increasing market over the medium time period.

  • To mitigate the chance of manufacturing disruption at single location.

  • To attain optimum value of manufacturing by decreasing overheads.

At round 12:07 PM, Cera Sanitaryware was buying and selling at Rs4,009.30 apiece up by Rs171.3 or 4.46% from its earlier closing of Rs3,838 apiece on the BSE.

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