Regency Ceramics, based in Hyderabad, has announced plans to restart its manufacturing operation in Yanam, which was closed in 2012 due to labour problems.  

It plans to invest up to Rs 70 crore in stages, with a total manufacturing capacity of 26,000 sq m per day.

According to Satyendra Prasad N, the company's chief executive officer, it would begin with one line with a capacity of 7,000 square metres and subsequently expand to four lines by March 2025.

In Tamil Nadu, Andhra Pradesh, and Telangana, around 50 dealers have been appointed. The factory will conduct trial runs in September, with commercial production beginning in October. He estimates that at full capacity, Regency will generate 600 to 800 direct employment and another 500 indirect jobs.

"After the incident in 2012, we got a settlement from the arbitral tribunal for our insurance claim. That has given us the confidence to go forward. For the first manufacturing line, we are planning to fund it internally from the promoters. Initially, that will be about Rs 8-10 crore. We will have some banking relationship for working capital. There is no term loan. It will be our own money," he said on the funding plans for the revival.