Sudal Industries, a leading manufacturer of aluminium extrusions and its components and alloys, plans to invest Rs 60-crore to expand its capacity over the next 2-year period, a company official said here.
"We are expanding our extrusion manufacturing capacity to 25,000 tonnes per annum (tpa) in next 2-year's period at an capital outlay of Rs 60 crore. We are looking for various options like preferential issue, QIP or right issue to fund the expansion plan," Sudal Industries Vice President, K G Inamdar said here.
The company has expanded its extrusion manufacturing capacity by adding the third extrusion press, which is expected to be commissioned by this month end. The company¿s total installed capacity will increase to 14000 tpa, he said.
The company's aluminium based alloying facility has been upgraded and activated, and will be geared up from February 2010 onwards. The company has, till date, completed its most of the capital investments from its internal accruals.
The expansion and modernisation will help in cost effectiveness and quality improvement and prices competitive.
The company has registered 525 per cent jump in net profit at Rs 137.97 lakh in Q3FY10 as against Rs 26.25 lakh registered in the corresponding period of the previous year.
The turnover has also gone up by 53.5 per cent to Rs 18.63 crore in the third quarter of 2009-10 from Rs 12.13 crore in the same period of the last financial year.
