ITC Bhadrachalam profit up 62 p.c.

By Our Staff Reporter

KOLKATA, OCT. 13. ITC Bhadrachalam has achieved an increase of 62 per cent in the profit after tax at Rs. 11 crores in the second quarter of this fiscal against Rs. 6.80 crores in the same period in the previous year. The profit before tax registered a growth of 65 per cent at Rs. 17.80 crores.

Income from operations grew by 48 per cent during the first half of the year ended September. Current level of operations generate cash of over Rs. 9 crore a month.

According to the official sources, the company's focus on high end value added products paid rich dividends. Products such as Cyber XL and Indolux for the packaging segment and Pearl Graphik and Saphire Graphik for the graphic segment were leaders in the respective market segments, according to sources.

The demand for value added paperboards was expected to grow by 20 per cent per annum against eight per cent in conventional paperboards.Strategic cost management initiatives, encompassing the entire value chain from fibre to finished products led to an all round enhancement in cost efficiencies including financing costs. The expansion and modernisation of the pulp mill at an outlay of Rs. 220 crores is progressing as per schedule.

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Section  : Business
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