Regency Ceramics Ltd - REGENCY CERAMICS Share Price

Summary

Promoted by G N Naidu and his associates, Regency Ceramics (RCL) set up a unit in 1985-86 to manufacture 25,000 tpa of glazed and unglazed ceramic floor and wall tiles at Yanam, Pondicherry, in technical and financial collaboration with Welko Industrial, Italy. The project was originally formed as a 100% EOU with a total cost of Rs 12 cr which was part-financed by a public issue in Dec.85. However, RCL opted out of the 100% EOU scheme. Debonding as well as the devaluation of the rupee increased the project cost to Rs 19 cr. The company commenced commercial production in 1986-87.During 1997-98, the company in certification of its standards of quality was awarded ISO 9002 certificate from M/s DNV of Netherlands.Company has plans to introduce new designs by maintaining quality standards. The company completed the expansion programme in 1999-2000 and the installed capacity was 76000 Tonnes P.a till 31st March 2000.It exports its product to countries of Persian Gulf, Sri Lanka, Maurutius, African countries like Kenya, Tanzania, Nigeria, Ethopia.The company is making steps to go in modernisation cum expansion project for its further growth and is expected to be commissioned during the current financial year ie... Read More