BUSINESS BRIEF
The Company is in the manufacturing of Vitrified Tiles and Gypsum Board since the year 2005 with an installed capacity of 6000 sq Mtrs/day. The Company's plant is in such a location which helps them in significant cost reduction in terms of cost of power & fuel and logistics. From 2008 to 2011, the Company did rapid sales growth and capacity expansion. Problems started aggravating in 2009 when 44 villages were acquired in Gujarat special Investment sector act 2009. It broke the company's water pipeline and gas pipeline infrastructure and the company had to bear minimum gas demand charges of Rs 12 cr, was forced to run the plant at 20% capacity resulting in compounding losses, and was forced to approach restructuring under CDR. The 180 days
Business Divisions
Ceramic Tiles and GypsumProducts & Services
Vitrified Tiles, Gypsum BoardsProposal
Industry
Infrastructure/Construction
Sub Industry
Construction Goods Manufacturing
Open For Dilution
50 %
Top Customer
Ask
INR 70 Cr
Business Operation Information
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