Carysil Limited announces expansion of business with IKEA Supply AG

Carysil Limited had earlier announced the strategic partnership with IKEA Supply AG (Switzerland) for manufacturing and supply of composite quartz kitchen sinks for their global requirements.

The Company participated in IKEA's Global RFQ to maximize business opportunities and secured the award. To further expand its business with IKEA, the Company has entered into a Purchase Agreement and plans to invest approximately ₹20 crore in additional moulds, machinery, and related infrastructure. This investment is intended to cater to IKEA's global (non-U.S.) requirements for quartz kitchen sinks.

This expansion reaffirms our commitment to strengthening our business relationship with IKEA and leveraging our manufacturing expertise to serve global markets.

Shares of Carysil Limited was last trading in BSE at Rs. 784.25 as compared to the previous close of Rs. 782.10. The total number of shares traded during the day was 6199 in over 644 trades.

The stock hit an intraday high of Rs. 799.50 and intraday low of 773.40. The net turnover during the day was Rs. 4860889.00.

Source : Equity Bulls

Keywords

Carysil INE482D01024 Expansion IKEASupplyAG