Indo Gulf Corporation Q1 net at Rs 682m
09 July 2002
The company raised its copper smelter capacity to 1.5 lakh from the earlier 1-lakh tonne. The overall copper sales were up by almost 32 per cent to around Rs 2,240 crore, constituting 83 per cent of the aggregate sales.
Indo Gulf Corporation has said it is committed to enhance shareholders' value and is continuously evaluating various options in this regard. The company is exploring to expand capacity of its copper plant at Dahej to take advantage of its present infrastructure facilities and exploit economies of scale.
The capacity being explored for expansion will be finalised with the help of technical consultants and designers so as to optimise the above-mentioned objectives. Presently, the additional capacity under consideration are options ranging from 70,000 tpa to 1,00,000 tpa.