Somany Ceramics board approves Rs 75.8 cr in investments across JVs and subsidiary
SOMANYCERA · price
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Somany Ceramics board approved three investments on July 13, 2026: Rs 58.80 crore for up to 49 percent in Siravit Ceramics, a JV to set up about 9 million sqm per annum glazed vitrified tile capacity in southern India; Rs 2 crore for up to 50 percent in V.S. Industries in Nepal, a JV for construction chemicals; and Rs 15 crore additional infusion into subsidiary SSCPL for plant and machinery modernization. All three targets are either newly incorporated or not yet operating, and deals are in cash.
Growth push via three deals totaling about Rs 75.8 cr: new tile capacity in South, Nepal entry for chemicals, and subsidiary upgrade.