Regency Ceramics chalks out ₹100-cr. plan to revive Yanam unit
The Hindu
Regency Ceramics Ltd., Executive Director Narala Satyendra Prasad hopes to revive the Yanam manufacturing unit in three years time
Tile manufacturer Regency Ceramics Ltd. has chalked out a ₹100-crore plan to revive its Yanam manufacturing unit which was closed due to massive industrial riots in 2012, said Executive Director Narala Satyendra Prasad.
“We have initiated the ground work and the first line will be up and running by December 2023 and the remaining three lines in phases by FY25,” he said during an interaction.
According to Mr. Prasad, the first three lines will have an installed production capacity of 7,000 sq.mt. each, per day, and the fourth line with 4,000 sq.mt. per day.
RCL needed about ₹100 crore to import, refurbish and/or replace certain plant and machinery. The promoters would chip in ₹20-25 crore and rest would be met through borrowings and term loans, he added.
According to the plan, RCL would start making 35-40 types of stock keeping units (SKUs) using the first line which suffered lesser damage during the industrial riots. This will be scaled up to 250 SKUs when the entire lines are up and running.
Recalling the riots in 2012, Mr. Prasad said that the company had units at Yanam (40,000 sq.mt.) and Karaikal (18,000 sq.mt.). The riots happened due to political rivalry, claiming two lives, while stock and equipment worth ₹157 crore got damaged. Later, the Karaikal unit, belonging to a subsidiary, was hived off to pay debts, he added.
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