Kolkata, Aug 24 (IANS) Aluminium extrusions major Century Extrusions has registered a 46 percent growth in profit in 2008-09, its chairman and managing director M.P. Jhunjhunwala said Monday.
Jhunjhunwala said the rising prices of aluminium in the international market had affected profit margins. The firm recorded net sales turnover of Rs.99 crore last year.

Century Extrusions accounts for about 5 percent of the aluminium extrusions sector in the domestic market, with India’s total installed capacity standing at 400 billion tonnes.

The country’s total production in 2008 was 350 billion tonnes.

The company has diversified into power transmission and distribution line hardware and plans to set up facilities to manufacture value-added products of extrusions such as door and window systems and facilities for churning out components and finished parts for auto, solar panel and engineering industries.

Jhunjhunwala also announced that the company has started commercial production from its new Rs.40-crore expansion project at Kharagpur in West Midnapore district.

The expansion has doubled the company’s installed capacity from 7,500 million tonnes per annum to 15,000 million tonnes per annum.