Asian Granito plans Rs 400 cr business exports in 2021

21 Sep 2021 CW Team

Home decor company Asian Granito Limited (AGL) has planned business exports of Rs 400 crore in FY22 and to grow its business network in 120 countries.

The company consolidated exports sales of Rs 216 crore with its business network in 100 countries in FY20-21.

It said anti-China opinions, lower duties on exports to the US, robust exports from Europe, UK and the Middle East, and the US driving Indian exports.

Chairman and Managing Director of AGL, Kamlesh Patel, told the media that despite the Covid-19 pandemic, the demand from the international market continued.

He said that exports in the last three months increased considerably and continue to increase due to the ongoing dispute between the US and China. The large players in the industry are working with 80% to 85% capacity because of robust export demand.

Across the world, India stands in the second position and produces about 13% of global ceramic tiles. With the increased duties on Chinese products, Indian tile productions are more competitive globally.

The United States imposed up to 356% anti-dumping duty and 358.8% anti-subsidy duties on Chinese ceramic tile products.

AGL witnessed a profit of Rs 57 crore in FY21, with 36% year-on-year growth. The company's net sales witnessed Rs 1,292 crore, with 6% growth, and the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was Rs 136 crore with a 16% increase.

Recently, it announced a rights issue of Rs 224.65 crore to repay and prepay the dues, meeting the requirements of the working capital for business and general corporate objectives.

The rights issue was offered at Rs 100 apiece, along with a 40% discount to the current price of the share of Rs 166 apiece on 3th September 2021, and it will close on 7th October 2021.

Image Source

Also read: Godrej Interio boosts digital drive for a richer consumer experience

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..