Kesoram Industries posts net profit of Rs.36.83 crore
January 28th, 2010 - 10:15 pm ICT by IANS ( Leave a comment )Kolkata, Jan 28 (IANS) B.K. Birla group company Kesoram Industries Ltd has posted net profit of Rs.36.83 crore for the quarter ended Dec 31, 2009, against Rs.39.15 crore for the corresponding quarter of 2008-09, a company statement said here Thursday.
It is a diversified B.K. Birla flagship conglomerate having interest in tyres, cement, rayon yarn and transparent paper with a focus on two core business segments - tyres, which accounted for 57 percent, and cement 38 percent of the turnover in nine months ended Dec 31, 2009.
The company has an installed cement capacity of 7.25 million tonnes per annum in Karnataka and Andhra Pradesh with captive power plants. The Vasavadatta Cement Plant of the company has a manufacturing capacity of 5.75 million tonnes.
In tyres, the total capacity at the Orissa Plant has been augmented to 271 tonnes per day. It is in the process of implementing passenger or LCV radial tyres of 80 tonnes per day at a cost of Rs.450 crore. This is expected to commence production by December 2010.
- Kesoram Industries to invest Rs.1,125 crore - Jul 01, 2010
- Kesoram plans to invest Rs.2,000 crore in 15 months (Lead) - Jun 26, 2009
- Kesoram posts Rs.26 crore profit in Q4 - Apr 28, 2010
- 'Kumar Mangalam will take charge of Kesoram when required' - Jul 05, 2011
- Birla Corp eyes 3 percent rise in cement sales - Oct 24, 2011
- Daimler India's Bharat Benz trucks to roll on JK Tyres - Feb 06, 2012
- Kumar Mangalam to head Kesoram after B.K. Birla - Jun 26, 2009
- Michelin to roll out radial truck tyres in 2012 - Jul 06, 2011
- CEAT to set up tyre plant in Bangladesh - Feb 09, 2012
- Lockout at Birla Tyres' Balasore unit - Jul 16, 2010
- BK Birla for Mangalam Timber, Mangalam Cement merger - Jul 01, 2010
- JK Group to invest Rs.1,300 crore in power sector foray - Apr 19, 2011
- Apollo Tyres mulls plants in east Europe, third quarter net down - Feb 11, 2011
- Birla Corp plans Rs.1,025 crore capacity expansion investment - Jun 27, 2011
- Birla Corporation posts Rs.68.97 crore Q2 net profit - Oct 26, 2010
Tags: birla group, business segments, captive power plants, cement plant, conglomerate, core business, crore, flagship, group company, industries ltd, jan 28, karnataka, kesoram industries, net profit, nine months, orissa, radial tyres, rayon yarn, transparent paper, vasavadatta cement
