Asian Granito forms JV, to invest Rs. 35 cr on quartz stone plant – Feedback

Leading tile maker Asian Granito India Ltd (AGIL), on Wednesday, announced a joint venture company with Paramshree Granito Pvt Ltd, and invest Rs. 35 crore in setting up a green-field plant for quartz stone in Gujarat.

In a statement here, AGIC Chairman and Managing Director Kamlesh Patel said, in the first phase, the JV company, Camrolla Quartz Ltd, would have a capacity to manufacture 1,600 square meters of quartz stone per day, and become commercially operational in April 2018. It would double the capacity subsequently.

http://www.thehindubusinessline.com/companies/asian-granito-forms-jv-to-invest-rs-35-cr-on-quartz-stone-plant/article9936969.ece

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