Kajaria Ceramics to foray into Nepal in JV
Monday - October 3, 2022 2:39 pm ,
Category : BUSINESS
Chennai, Oct 3 (IANS) Ceramic and vitrified tiles major, Kajaria Ceramics Ltd has decided to foray into Nepal with a manufacturing plant in joint venture with a local partner.The Board of Rs 3,299 crore company on Monday gave its nod to invest Rs 125 crore (50 per cent of the project cost) in a company to be incorporated in Nepal.The investment will be by way of equity and/or loan, for establishing a manufacturing facility in Nepal partnering with various individuals affiliated with Ramesh Corp, Nepal.According to Kajaria Ceramics, the proposed plant in Nepal will have an annual capacity of 8 million square metre (MSM).
--IANS vj/dpb
--IANS vj/dpb
(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)
