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National Peroxide to up capacity, eyes 25% growth

Press Trust of India / Mumbai 01 Aug 10 | 06:44 PM

The Wadia Group company National Peroxide today said it has lined up an Rs 46-crore expansion plan, which is expected to boost its revenue by more than 20 per cent.

"We are investing Rs 46 crore through internal accruals to further enhance our capacity from the current 68 tonne hydrogen peroxide (its flagship product) to 84 tonne," its chairman P V Kuppuswamy told PTI here.

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The company commands a healthy 40 per cent market share in the hydrogen peroxide market currently. The capacity addition will happen at its lone plant at Kalyan near here and will begin from April 2011, her said.

The debt-free company, which had posted revenues of Rs 122 crore in FY10, is targeting a 25 per cent increase in top-line for the current fiscal to Rs 150 crore, its Managing Director S R Lohokare said, adding "this is possible because we have been adding capacity since the last two years and have got to 68 tonne from 35 tonne. There will be a proportional increase in the revenue once the capacity goes to 84 tonne an annum."

The company is also considering opening a new production line by leveraging on its current debt-free position, Kuppuswamy said. The company, in which the promoters hold 68.59 per cent, had recorded a net profit of Rs 10.50 crore in the June 2010 quarter.

Comments

    28 Sep 10 at 12:55 PM
By: Ananda Kumar

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