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20 Microns to double plant capacity, spend Rs 50cr on capex
20 Microns are on strike since the last three weeks and the activities of the plant have been temporarily stopped. In an interview with Chandresh S Parikh, Chairman and Managing Director of 20 Microns gave a status check on the ongoing strike.
Q: This particular plant in Vadadla - how much in percentage terms did it contribute to your revenues on an average basis?
A: In terms of revenue it's about 7-8%.
Q: What is the capacity of this plant?
A: The capacity is about 1,200 tonne that is also at 7-8%.
Q: Were you working at full capacity and what about the other plant as well?
A: We are working all plant at full capacity at the moment.
Q: In Q3 you saw profit after tax (PAT) of almost Rs 1 crore versus a net loss of Rs 48 lakh. There is a big jump up that you are seeing in business. Are you expecting to continue this in the next couple of quarters?
A: Yes, we are expanding the capacity because all plants are running at full capacity. We will be spending about Rs 50 crore next year and we are doubling the capacity at all the locations.
