Showing posts with label Graphite India Ltd (GIL). Show all posts
Showing posts with label Graphite India Ltd (GIL). Show all posts

August 6, 2010

Graphite India Limited (GIL) Net Profit Declines 23.88% in the June 2010 Quarter

Graphite India Ltd (GIL) is the largest producer of graphite electrodes in India and one of the largest globally, by total capacity. Its first Plant at Durgapur in East India in collaboration with Great Lakes Carbon Corporation of USA, was commissioned in 1967. Today, its combined manufacturing capacity of approximately 78,000 tonnes per annum is spread over four plants - 3 in India at Durgapur (34KT), Bangalore (13KT), Nashik (13 KT) and the 4th in Nurnberg, Germany (18KT). The Company accounts for approximately 6.5% of global electrode capacity.
According to a Press Release by the company on 29th July 2010, the net profit of Graphite India Ltd (GIL), declined 23.88% to Rs 34.39 crore in the quarter ended June 2010 as against Rs 45.18 crore during the previous quarter ended June 2009. Sales rose 10.15% to Rs 258.24 crore in the quarter ended June 2010 as against Rs 234.44 crore during the previous quarter ended June 2009.
For more information Logon: http://www.graphiteindia.com
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