26.91 -0.15(-0.55%)
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Murudeshwar Ceramics Limited (MCL) is the pioneer in manufacturing world class Vitrified tiles and Ceramic tiles under the brand name 'NAVEEN'. The Naveen Diamontile' tiles of various sizes, colors, designs are displayed in over 73 Company owned showrooms all over India. MCL was promoted in 1983 by R N Shetty and Associates along with the KSIIDC to manufacture 12,500 tons per annum (TPA) of glazed ceramic tiles, using the single-firing process, at Krishnapur (near Hubli), Karnataka. MCL sourced the technical know-how for the project from Sacmi Imola, (SACMI), Italy, which also supplied the plant and machinery for the project. The Company is manufacturing and trading Ceramic and Vitrified floor & wall Tiles. It is operating 2 manufacturing plants at Sira, Dist. Tumkur and Karaikal, Pondicherry. The Company is trading outsourced Vitrified Tiles and Ceramic Tiles as well. It has three large-scale, state-of-the-art manufacturing facilities (at Hubli and Sira in Karnataka & Karaikal in Pondicherry), which are in technical collaboration with the worldleaders Sacmi Imolaa & Breton, Italy. To part-finance this Rs 13.45-cr project, it entered the capital market in Jan.'88 with a public issue of Rs 1.65 cr. It started commercial production on 1 May '88 without any time or cost ov...