Phillips Carbon declares 25 per cent dividend
By He said the company was | 05 Mar 2004
Kolkata: Phillips Carbon Black Ltd (PCBL) announced a 25 per cent dividend for 2002-03 while the company's PAT increased from Rs 5.4 crore to Rs 18.6 crore.
Addressing the company's shareholders at the annual general meeting here yesterday, Mr Sanjeev Goenka, said that the industry outlook was optimistic. He was confident that turnover would rise to Rs 800 crore from Rs 560 crore during the year-ended September 2004.
He said the company was investing Rs 100 crore each at its facilities in Vadodara and Durgapur on programmes for augmenting capacity and setting up power plants using off-gas that would be used internally and also sold to third parties.
While the capacity for production of carbon black at the Gujarat plant would be increased from 18,000 tonnes per annum to 88,000 tpa, that of Durgapur is projected to increase by 25,000 tonnes from 1.2 lakh tonnes per annum now. The RPG-group company also has a unit in Kochi.