A V Birla group company, Indo Gulf Corporation, has decided to
focus on two areas: agri-inputs and copper.
In the agri-business, the company has two plans. To
improve asset productivity, and to expand. It expects to improve its asset productivity
levels through unhindered operation of its urea plant.
In the copper business, Indo Gulf will expand capacity
through a de-bottlenecking exercise. The company''s plans of spinning off the jetty
into a separate joint venture company has been put off. These two measures will help the
company utilise its assets better. The company is also planning to enhance value addition
in its existing product range.
''Shaktiman'', which is Indo Gulf''s urea brand, has been
nurtured well. The company is now set to start seed-marketing di-ammonium phosphate under
the Shaktiman brand name.
The company''s fertiliser plant has received ISO 14001
certification. This makes it one of the few fertiliser plants to have achieved
In August 1999, Indo Gulf announced its plans to build a 4
lakh tonne di-ammonium phosphate unit at Dahej in Gujarat. It has invited global bids
construction of the project.
The company intends to extend its value chain by
converting phosphoric acid into di-ammonium phosphate. This will help the company increase
revenues and profitability. The company''s copper unit generates sulphuric acid as a
by-product, which is then used to produce phosphoric acid.
For the quarter ended 30 June 1999, Indo Gulf made a net
profit of Rs.40.7 crore on sales of Rs.465 crore. During the same period for the year
1998, net profit was Rs.35.5 crore on sales of Rs.298 crore. Copper contributed over 64
per cent of the company''s turnover for the current quarter, and fertiliser sales were
also see :
Financial result: Indo Gulf Corporation