Yashraj Containers Chennai Plant to churn 250 barrels per hour

Yashraj Containers Ltd has announced that the Company has set up another manufacturing arm at Chennal with higher capacity of production i.e. barrels will be churned out at the rate of 250 barrels per hour and this will cater to the requirements and need of the Southern Region of the country and will entail savings in transport cost, consumption of oil for running the transport and saving on fuel for the country and in addition to that the Company’s turn over will get a boost by adding to its sales budget by about Rs 18 crores to Rs 20 crores during the remaining period of the financial year upto March 31, 2006 and consequently it will add to expected Net Profit by about Rs 2.00 crores.

Further the Company has informed that, the upshot of the new pocket being opened at Chennai and augmenting the existing utilisation of the plant capacity at Daman there will be over all budgeted Sales which will stand at Rs 78 crores for its financial year thereby budgeted profit shall be Rs 12 crores.

Source : Equity Bulls

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