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AGIL completes key expansion at Crystal Ceramics

By Niranjan Mudholkar,

Added 12 October 2016

Total investment in Crystal Ceramics including expansion is around Rs. 170 crore

Asian Granito India Limited (AGIL), one of India's largest tiles companies has completed a major expansion at its step Subsidiary, "Crystal Ceramics Industries Private Limited (Crystal Ceramics)". AGIL acquired Artistique Ceramic Pvt. Ltd in FY 2015-16 through amalgamation scheme approved by Hon: Gujarat High Court, which holds 70% in Crystal Ceramics through Kediya Ceramics. Total investment in Crystal Ceramics including expansion is around Rs. 170 crore.

Kamlesh Patel, Chairman and Managing Director, Asian Granito India Ltd, said, "Acquisition of Crystal Ceramics was a strategic decision as along with the product range it also enjoyed a Natural Gas supply arrangement with ONGC which is significantly lower than the prevailing market price.

"With this expansion production capacity of Crystal Ceramics has reached 27,000 square meters a day. The new plant will be making double charged vitrified tiles in the large format of 800 X 800 mm and 1000 X 1000 mm for Domestic as well Exports. We also have the required infrastructure for future expansion at Crystal Ceramics."

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