Shankar Lal Somani

In an interview with CNBC-TV18, Shankar Lal Somani, Chairman of Sumeet Industries said that the company's profits can go up to Rs 100 crore over the next two years.

We are working to improve our margins: Sumeet Industries

In an interview to CNBC-TV18, Shankar Lal Somani, Chairman, Sumeet Industries spoke about the results and his outlook for the company.

Access to open mkt power to cut costs by Rs 18cr: Sumeet Ind

The company plans to purchase 12 MW of power which will in turn reduce its power cost by 20 percent and earn a yearly profit of Rs 18 crore.

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.

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."

See FY12 profit after tax over Rs 40cr: Sumeet Industries

In an interview with CNBC-TV18, Shankar Lal Somani, Chairman, Sumeet Industries says, last year’s result was very encouraging. This year, he says, the company is expecting a turnover of more than Rs 900 crore and profit after tax of more than Rs 40 crore.

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.