| Net profit has increased by 281 per cent over the previous corresponding period to Rs 7.40 crore, which has been attributed mainly to higher production and economies of scale. |
| Explaining the growth strategy, Chairman and Managing Director Balbir Singh Uppal said, "Our strong growth is a result of vertical integration, right from paddy processing to by-products. We have been able to achieve highest sales at Rs 407 crore in 2004-05, while economies of scale have seen our net profit rise to Rs 21.8 crore, a growth of more than 100 per cent. Further, an expansion of Rs 150 crore in the areas of rice and by-products will take place, and we are setting up a 24-Mw power plant." |
| The firm's earning per share in 2004-5 rose to Rs 21.03, as compared to Rs 9.25 in 2003-04. |
| The company's manufacturing facilities are located on the Chandigarh-Ludhiana national highway, which ensures a consistent supply of paddy from nearby districts of Punjab. |
| The company covers the entire value chain, right from rice processing to the processing of by-products at various stages, with complete downstream integration. |
Top Section
Explore Business Standard