ESS DEE Aluminium

Rehabilitation of India Foils` Kamarhati factory.

Posted by : jedhm

Generally, in Alu rolling business, the price is based on Fab cost + LME (price at London Metal Exchange) . Lower metal price will be transferred to end-customer. December 08 monthly cash average price is at US$1497/MT.

However, lower LME price will help convertors (viz Ess Dee) to increase their fabrication cost, which is their main profit.

Rehabilitation of India Foils` Kamarhati factory.

Posted by : rajesh chhabria

considering the last 4 quarters eps, will the company be able to maintain this profits. have aluminium prices gone down ?

regards

Rehabilitation of India Foils` Kamarhati factory.

Posted by : jedhm

Ess Dee Aluminium, which recently acquired India Foils (IFL) from the Sterlite
group, is planning to reopen the latter`s Hoera facility by March 31, 2009. While
Ess Dee is already spending Rs 115cr on rehabilitation cost to scale up operations
at Kamarhati factory, the company wants to turn Hoera plant, which has closed
for last four years, to a profit making unit.

Rehabilitation of India Foils` Kamarhati factory.

Posted by : jedhm

Ess Dee Aluminium, which recently acquired India Foils (IFL) from the Sterlite
group, is planning to reopen the latter`s Hoera facility by March 31, 2009. While
Ess Dee is already spending Rs 115cr on rehabilitation cost to scale up operations
at Kamarhati factory, the company wants to turn Hoera plant, which has closed
for last four years, to a profit making unit.