Sanitaryware

The initial public offer of Venus Pipes and Tubes got fully subscribed within the first few hours of opening on Wednesday. It closed with 2.37 times subscription on the first day

Expansion plans includes a greenfield sanitaryware plant and a brownfield faucetware unit

Last month, rating agencies Care Ratings and Crisil Ratings had reaffirmed the bank facilities and commercial paper of CSL with a stable outlook

The company will invest about Rs 50 crore in expansion while planning a greenfield project in 2024-25 in India

The GST for sanitaryware is at 18 per cent, and a reduction of the rate will help increase demand, he added

The manufacturers hoped that the Union Budget, which is slated to be presented on Friday, would pave the way for the GST Council to take the measure

Jaquar, Kohler, Cera Sanitaryware turn bullish on a segment whose share has risen to 10% from single digits