Somany Ceramics’ arm starts commercial production at greenfield manufacturing facility

Somany Ceramics Ltd. | Ceramics/Marble/Granite/Sanitaryware | Construction & Infrastructure | BSE: 531548 | NSE: SOMANYCERA

29 Jan 2024 Evaluate

Somany Ceramics’ Subsidiary Company--Somany Max has commenced its Commercial production of Greenfield manufacturing facility of large format/slab tile of approximately 4 million square meters per annum in Gujarat, with an estimated investment of Rs 185 crore January 29, 2024. The said manufacturing facility has potential to generate revenue of approximate Rs 250 crore per annum on full capacity utilisation.

Somany Ceramics is in the business of manufacturing and trading of tiles, Sanitaryware and Bath Fittings.

Peers

Company Name	CMP
Kajaria Ceramics	1216.85
Somany Ceramics	595.85
Cera Sanitaryware	5521.65
Asian Granito India	51.20
Orient Bell	392.90
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.