VSF exports & domestic demand power Grasim's Q3 sales
31 Jan '06
2 min read
Leading Textile company Grasim, the flagship company of the Aditya Birla Group, has reported a consolidated turnover of Rs.2,503 crore (Rs.2,339 crore) for the quarter ended December 2005. Net profit for the period was Rs.195 crore (Rs. 207 crore).
The installed capacity of VSF was increased by 3,650 tons to 2,57,325 tons per annum during the quarter through de-bottlenecking.
Capacity utilisation during the quarter was marginally lower at 96 per cent (101 per cent).
The sales volumes rose by 18 per cent.
The buoyancy in exports to South Asian countries and firm domestic demand aided the improved volumes.
Realisations were down by 10 per cent in line with international prices.
Total exports, direct and indirect, were up by 27 per cent over the corresponding quarter.
The company will continue its thrust on value added new products and application development.
The company's Research & Application Centre at Kharach (Gujarat) will foster the development of new applications and value added products, which is expected to translate into increased demand for VSF.
A total capital outlay of over Rs.533 crore has been planned towards capacity expansion and modernisation at its VSF plants.
This will increase VSF capacity to 3,06,950 tons per annum from its current level of 2,57,325 tons.
The company's planin setting up an integrated plantation-cum-pulp plant at Laos is progressing well.
marketing@alchempro.com
