Somany Ceramics Approves Investments Up to ₹75.8 Cr

Somany Ceramics Limited's Board of Directors has granted in-principle approval for significant investments. The company will invest up to ₹58.80 crore in Siravit Ceramics Private Limited, acquiring up to 49% stake, to establish a Glazed Vitrified Tiles manufacturing capacity of approximately 9 million square metres per annum. Additionally, an investment of up to ₹2.00 crore is approved for V.S. Industries Private Limited in Nepal, aiming for up to 50% shareholding. The company also approved an additional investment of up to ₹15.00 crore in its subsidiary, Sudha Somany Ceramics Private Limited. These investments are intended to cater to future business growth, particularly in the Southern market.