Ramsarup Industries Limited, the second largest maker of steel wires after TATA Steel, has planned a total capacity expansion of Rs 775 crores by 2010, including Rs 150 crores for acquisitions in India or abroad. The company expects to generate Rs 5000 crore turnover by 2010.
 
Of the expected Rs. 5000 crores, Rs.3500 crores is seen from the manufacturing side, while Rs. 1500 crores from the transmission line. The company sees a PAT of Rs.500 crores during 2010.
 
"The good results are a reflection of the aggressive growth and margin plans we have at Ramsarup. Recognizing the potential in the power sector, we have laid detailed expansion plans, to leverage the opportunities in the power sector," said Mr. Ashish Jhunjhunwala, CMD, Ramsarup Industries.
 
Ramsarup will invest Rs 375 crores in a 4 lakh tonne per year capacity wire making facility at Durgapur, West Bengal, for which the additional land has been finalized. An additional Rs 29 crore and Rs 24 crore investment will be made in the company's Shyamnagar and Kalyani factories, respectively
 
The company will set up a Special Economic Zone (SEZ) in West Bengal at an estimated cost of Rs 150 crore, for which the proposal has already been made to the West Bengal Industrial Development Corporation
 
By 2010, Ramsarup plans to produce 6 lakh tonnes of black and coated wires, and 50,000 tonnes of downstream wire products. They have already placed initial order for LRPC wire plant with annual capacity of 30,000 MTs.
 
Ramsarup has seen a 103% rise in its profits after tax for the year ended March 31, 2006, at Rs 28 crores, up from Rs 14 crores last year.
 
Net sales of the company has gone up by 16% to Rs 1018 crores for the year ended March 31, 2006, from Rs 877 crores last year. For the year 2006-07, the company expects turnover to hit Rs 1425 crores, while PAT should be around Rs 60 crores. Operating Profit is expected at Rs 118 crores with EPS of 34.

Sourced From: Concept Public Relations India Pvt. Ltd