A+| A| A-

Larger Sales

1991, the company now plans to take on major expansion, helped by increasing consumer demand. To enhance its present 50 TPD seed crushing capacity the company has already placed orders for a 100 TPD solvent extraction plant and 50 TPD BSS grade refinery unit. These are being designed and developed by Troika Process, Bombay, reputed suppliers of oils and fat process technology with a clientele spread worldwide. Armed with a completely indigenous technology, the company has an established oil mill at Chhatral, near Ahmedabad, while the proposed project is to be set up at Vadsar, 13 kms away. The civil work is in progress and is expected to be completed by April. According to the appraisals made by Bank of Rajasthan, the project is.to enhance turnover to Rs 3,119,85 lakh and profit (after tax) to Rs 188.89 lakh during 1993-94, yielding an EPS of Rs 5.40 lakh. Capacity utilisation this year will be 75 per cent, which is expected to increase substantially in the coming years resulting in greater productivity arid hence profitability. The company's expansion, designed to capitalise on the diverse uses and market potential of castor oil, is to cost an estimated Rs 389.51 lakh. This is being financed by promoters' contribution of Rs 87 lakh, cash subsidy of Rs 8.35 lakh, term loan/deposits and internal accruals amounting to Rs 56.16 lakh and capital issue of Rs 238 lakh.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

JINDAL VIJAYNAGAR STEEL Sustained Growth Jindal Vijaynagar Steel (JVSL), an O P Jindal group company, is the third largest integrated steel...

JINDAL STAINLESS Stainless Steel Major Jindal Stainless (JSL), a flagship company of the O P Jindal Group, was incorporated in 1970. It is India...

BAJAJ AUTO Pulsating Growth Bajaj Auto (BAL), incorporated in 1960, is the world

TVS MOTOR COMPANY Facing Tough Competition TVS Motor Company, a flagship company of the TVS Group, is India

MARUTI UDYOG Smooth Drive Maruti Udyog (MUL), a joint venture between the government of India (GoI) and Suzuki Motors, Japan, is India

HINDALCO INDUSTRIES Mixed Results Hindalco Industries, the flagship company of the Aditya Birla Group, is one of the lowest cost producers of...

SHIPPING CORPORATION OF INDIA Slow Sailing The Shipping Corporation of India (SCI) was established in 1961 by the amalgamation of Eastern...

INFOSYS TECHNOLOGIES At the Pinnacle Infosys is one of India

WIPRO LTD In Full Swing Wipro holds a prominent position in the world market for information technology (IT) services. It offers software...

Back to Top