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Aro Granite Industries zooms on plans to increase installed capacity

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

24 Oct 2011 Evaluate

Aro Granite Industries (AGIL) is currently trading at Rs. 39.00, up by 1.55 points or 4.14% from its previous closing of Rs. 37.45 on the BSE.

The scrip opened at Rs. 39.20 and has touched a high and low of Rs. 39.20 and Rs. 38.90 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 63.65 on 06-Jan-2011 and a 52 week low of Rs. 35.00 on 09-Aug-2011.

Last one week high and low of the scrip stood at Rs. 39.20 and Rs. 37.05 respectively. The current market cap of the company is Rs. 38.20 crore.

The promoters holding in the company stood at 40.95% while Institutions and Non-Institutions held 0.81% and 58.25% respectively.

AGIL has decided to increase the installed capacity of its granite slab plant by installing four gang-saws and one polishing line machine. With this, the installed capacity of the slab plant will increase by 50%. The commercial production from the expanded capacity will start from first quarter of the next fiscal.

AGIL has identified the suppliers for the machines and ordering process has been initiated for the same. Funding for the expansion project is being finalized with the existing bankers through term loan and letter of credit for the same will be opened shortly.

Further, the installation of resin line machine in Unit-II and polishing line machine in Unit-I has been completed and has been integrated into the existing line of production.

Aro Granite Industries manufactures modular granite tiles and granite random slabs. The company with its in-depth product knowledge, state of the art facility for processing of granite slabs and tiles and ability to source a vast variety of granite from India and abroad, is poised to take on the ever increasing demand of granite tiles and slabs in the international market.

Aro Granite Share Price

28.93 -0.37 (-1.26%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Kajaria Ceramics	1178.20
Somany Ceramics	441.15
Cera Sanitaryware	5332.20
Asian Granito India	75.34
Pokarna	928.60
View more..

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Aro Granite Industries zooms on plans to increase installed capacity

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