Diversified business group Century Plyboards India reported an 8.36 per cent rise in net profit for the quarter ended June 30,2008 at Rs 30.84 crore, compared to the same period last fiscal. Gross sales increased by 38 per cent to Rs 299.41 crore.
The Group has earmarked Rs 1600 crore for brownfield and greenfield expansion this year. Century through its subsidiary Cement Manufacturing Company (CMCL) has sought the state government's permission for setting up a two million tonne cement plant at Tura (Meghalaya) at a cost of Rs 700 crore.
