Carborundum Universal Ltd plans Rs 200-crore capex in 2012-13.
For its domestic business, the company has lined up capacity expansion plans in abrasive thin wheels, converted coated products, sintered aluminia grains, alumina zirconia grains and lined equipment fabrication facility.
The company is also pursuing opportunities to set up a greenfield project to meet the additional requirement of fired and castable refractories. For its overseas business, expansion of capacity in Russia and South Africa will be completed this year, a release from the company said.
For the quarter ended March 31, the company has posted a net profit of Rs 54 crore, against Rs 49 crore in the comparable quarter previous year. Turnover for the quarter under consideration stands at Rs 523 crore (Rs 434 crore).
For the full year, the company has posted a net profit of Rs 219 crore against Rs 171 crore in the previous year. The turnover for the year stands at Rs 2,057 crore (Rs 1,667 crore).
The ceramics segment recorded a growth rate in excess of 30 per cent for the full year. The abrasives and electrominerals business segments, both recorded growth rates in excess of 20 per cent. Its overseas subsidiaries recorded strong growth in sales, particularly the entities in Russia, South Africa and Australia, the release says.
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