KAJARIA CERAMICS; board of Kajaria Ceramics has approved an in | STOCKMARKET INFOMANIA

KAJARIA CERAMICS; board of Kajaria Ceramics has approved an investment in Kajaria Ramesh Tiles Limited, a joint venture company in Nepal.

The investment will cover 50% of the revised project cost, estimated at Rs. 90.74 crores. (i.e. 50% of Rs. 181.49 crores)

Additionally, the company will provide working capital of up to Rs. 21.23 crores. (i.e. 50% of Rs. 42.45 crores)

The purpose of the investment is to establish a manufacturing facility with an annual production capacity of 5.1 MSM tiles. The investment may take the form of equity, loan, bank guarantee, or standby letter of credit, in one or more installments.