Comments
Higher sales helped Suryavanshi Spinning Mills to post a net profit of Rs 3.57 crore for the quarter ended December 31, 2010, as against Rs 1.68 crore in the corresponding quarter of last fiscal.
During the quarter, its revenues jumped 57 per cent to Rs 81.25 crore, as against Rs 51.68 crore in the year-ago period.
Mr J.K. Agarwal, Executive Director, said the company is in the process of expanding its ginning capacity from 1,000 bales a day to 2,000 bales a day, while the spindle capacity will be increased to two lakhs in the next three years.
“The expansion programme involves an investment of Rs 130 crore,” he said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.