Regency Ceramics to Expand Production Capacity with Strategic Buyout

New Delhi / September 2, 2024: Regency Ceramics has announced a structured takeover of Segno Ceramics Private Limited located in Bapatla district in Andhra Pradesh. The standout deal will grant Regency Ceramics complete control of the manufacturing plant, effective from August 22, 2024. This expansion aligns with the Chief Minister Chandrababu Naidu’s vision of fostering economic growth and creating job opportunities within the state. Regency Ceramics is committed to making a significant impact and contributing to the industrial resurgence within the state, the company said in a press statement. 

Regency Ceramics has entered into an agreement without the burden of heavy capex spend, ensuring a marginal impact on cash flows. The all-cash deal will strengthen Regency Ceramics’ market position, particularly in South and East India. Spread over 50 acres, the plant has a production capacity of 3.6 million sq. mtrs. (MSM) per year. The facility will enable Regency Ceramics to manufacture a diverse range of premium products including Glazed Vitrified Tiles and Polished Vitrified Tiles, the statement added. 

Satyendra Prasad Narala, Managing Director of Regency Ceramics, expressed his enthusiasm about the acquisition, stating, “This strategic move addresses our immediate production needs and enhances our market presence. With our strong legacy and goodwill in states like Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Kerala, and Orissa, we are focused on achieving a revenue target of Rs. 100 crores in the next calendar year.”