To What Purpose

lakh aluminium rolling mill at Santej in Mchsana district of Gujarat to manufacture circles, sheets, slugs, strips and other aluminium products. To part finance it, the comp&ny is entering the capital market on January 18 with an issue of 35,50,000 equity shares of Rs 10 each at par totalling Rs 355 lakh, out of which 16,00,000 shares are being offered to NRls and the remaining 19,50,000 shares to the Indian public. According to Janak Kansara, chairman of the company, orders for 380 metric tonnes of aluminium slugs a month from collapsible tube manufacturers have already been secured and enquiries have also been received from leading pressure cooker manufacturers for aluminium circles. The profitability projections are Rs 247.25 lakh, Rs 295.60 lakh and Rs 342.64 lakh capacity utilisation of 70, 80 and 90 per