In an interview to CNBC-TV18, Shankar Lal Somani, Chairman of Sumeet Industries spoke about the latest happenings in the company.

See power production from wind plant in 6-mths: Sumeet Ind

The new plant will produce around 25 percent of the company‘s total power requirement. Also the power generated from the plant will be exempted from tax for ten years, said Somani of Sumeet Industries.

Expect PAT to double in FY13: Sumeet Industries

In an interview with CNBC-TV18, Shankar Lal Somani, chairman of Sumeet Industries says, next year the company’s yarn making capacity will go up from 50,000 tonne per annum to 95,000 tonne per annum. As a result of capacity expansion, he says, the profits will double.

Sumeet Inds may issue 50 lakh warrants at Rs 35/share

Promoters of Sumeet Industries have got themselves issued warrants at Rs 35 per share. The current stock price is about Rs 28. In an interview to CNBC-TV18, chairman Shankar Lal Somani spoke about the recent happenings in the company and the road ahead.

Warrant allotment to raise Rs 17-18cr: Sumeet Ind

In an exclusive interview to CNBC-TV18, chairman of the company, Shankar Lal Somani said that the company is going for another fund raising plan so as to ensure a comfortable fund position for their expansion project.

Sumeet Inds plans to invest Rs 700 cr for expansion in FY13

Shankar Lal Somani, Chairman of the Surat-based firm said this expansion will complete by March 2012. "Post achieving this target, we further plan to roll out Rs 700 crore in the next expansion programme near Dahej port in Gujarat."

Sumeet Industries plans Rs 150cr expansion

In an interview with CNBC-TV18, Shankar Lal Somani, chairman, Sumeet Industries, spoke about the latest happenings in his company and sector.