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Aro Granite Industries shines on getting nod to install new Plant for manufacturing Quartz

Aro Granite Industries Ltd. | Ceramics/Marble/Granite/Sanitaryware | Construction & Infrastructure | BSE: 513729 | NSE: AROGRANITE

21 Jan 2019 Evaluate

Aro Granite Industries is currently trading at Rs. 56.00, up by 2.75 points or 5.16% from its previous closing of Rs. 53.25 on the BSE.

The scrip opened at Rs. 58.35 and has touched a high and low of Rs. 59.70 and Rs. 55.40 respectively. So far 2005 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 79.70 on 19-Jan-2018 and a 52 week low of Rs. 49.00 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 59.70 and Rs. 52.00 respectively. The current market cap of the company is Rs. 81.47 crore.

The promoters holding in the company stood at 41.06%, while Institutions and Non-Institutions held 1.11% and 57.82% respectively.

Aro Granite Industries has received approval for installation of a new Plant for manufacturing Quartz. The new Quartz Plant, (Engineering Stone) with an installed capacity of 180,000 sq. mtrs. will be setup in the existing unit at Hosur in the state of Tamil Nadu, by constructing a new Shed of 7,600 Sq. Mtrs.

The total project outlay will be approximately Rs 31 crore which will be met out of internal accruals and supplier credit. The machine line will be imported from China and the payment will be made in instalments within an overall repayment period of 720 days. The commercial production is expected to commence during Q4 FY2019-20. The Board of Directors of the Company at its meeting held on January 19, 2019 has approved the same.

Aro Granite Industries is engaged in the business of granite tiles and slabs. The company offers granite slabs in various colors, such as regular, Indian and international colors.

Aro Granite Share Price

24.98 0.34 (1.38%)

13-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Kajaria Ceramics	1122.25
Somany Ceramics	422.45
Cera Sanitaryware	5224.75
Asian Granito India	74.03
Pokarna	888.05
View more..

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Aro Granite Industries shines on getting nod to install new Plant for manufacturing Quartz

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