Dunlop India expects Rs.550 crore turnover
June 16th, 2010 - 12:47 am ICT by IANSKolkata, June 15 (IANS) Ruia Group-owned tyremaker Dunlop India is expecting a turnover of Rs.550 crore this year from its units in West Bengal’s Sahaganj and Tamil Nadu’s Ambattur, a top company official said here Tuesday.
“At present, we are producing 30 tonnes of tyre a day in each of the facilities. We hope to raise the production to 60-70 tonnes a day by the end of this year. Once production stabilises at 30-40 tonnes, we will break even. We will make money when production reaches 60-70 tonnes a day,” company chairman Pawan Ruia told reporters after its 83rd annual general meeting.
“If everything goes right, we expect a Rs.550 crore turnover this year,” he said.
Ruia said the company will not take a hasty decision on leapfrogging production. “We will go by the market. Market is now responding very well,” he said.
He said the company was now on course to setting up a 50-megawatt (mw) captive power plant at Sahaganj in Hooghly district of West Bengal.
“Now the requirement there is 5 mw. Once we go full capacity, the requirement will be 15 mw. We can earn extra revenue by selling the surplus power,” he said.
Asked whether the present political scenario in the state has made industrialists apprehensive, Ruia replied: “Certainly everybody is apprehensive. The unknown. People are thinking what will happen after the assembly polls next year.”
“But I feel whoever comes to power, has to go for industrialisation. I don’t see any problems,” he said.
- Ensure law and order for Dunlop plant to function: Ruia - Sep 10, 2011
- Dunlop to withdraw lay-off notice at Bengal plant - Apr 05, 2011
- Conditional offer to open Sahagunj unit in phases - Oct 21, 2011
- Relief undertaking to Dunlop only after it reopens: Minister - Oct 20, 2011
- Dunlop board allots shares to convert loan into equity - Apr 29, 2012
- Dunlop suspends work at Bengal tyre factory - Oct 08, 2011
- Ruia asked to submit Dunlop revival plan - Aug 01, 2011
- Dunlop India suspends operations at Chennai plant - Feb 22, 2012
- Dunlop drops lay-off notice, asks workers to join duty - Apr 06, 2011
- Dunlop's Bengal unit likely to resume production soon - Nov 09, 2009
- Dunlop shutdown continues as talks fail - Oct 10, 2011
- Dunlop may shut West Bengal unit again - Jul 25, 2009
- Court appoints provisional liquidator for Dunlop India - Mar 26, 2012
- Will try to get Sahagunj reopened, Bengal assures Dunlop workers - Oct 17, 2011
- Dunlop resumes production at Sahaganj after a year - Dec 02, 2009
Tags: annual general meeting, assembly polls, captive power plant, company chairman, dunlop india, hasty decision, industrialists, megawatt, money, pawan, political scenario, surplus power, tamil nadu, tonnes, turnover, tyre, west bengal