The company's net sales for the quarter ended March 2008 were up 12 per cent to Rs 2,266 crore, while net profit went up 37 per cent to Rs 1,280 crore.
Zinc sales at 1.38 lakh tonnes, up 44 per cent, and lead sales at 17,000 tonnes, a rise of 36 per cent, offset the impact of a 30 per cent decline in LME zinc prices and a 10 per cent appreciation of the rupee against the dollar.
The company has plans to increase its capacity of zinc and lead. The mineral major also has plans to expand its ore production at the Rampura Agucha mine from 5 million tonnes to 6 million tonnes to support the increase in smelting capacities, A 160-mw captive thermal power plant is also on the anvil in Rajpura Dariba. The project is expected to be completed by June 2010.
