© GPIL, an Ispat group engineering company, manufactures high precision cast iron and high-tech forged (high speed) steel rolls used by hot and cold steel rolling mills and for capital goods industry. Massive expansion in production of steel planned by all major players to ensure robust demand for rolls.
© High cost of production of European, American and Japanese roll makers and environmental issues there have opened-up good export prospects. GPIL, the only other major player apart from Tata group’s Tayo Rolls, is operating in sellers’ market.
© To take advantage of growing demand, company is enhancing capacity from 15,000 TPA to 18,000 TPA in FY 2009.
For FY 2008, Net sales increased by 17.8% to Rs 174 crore, led by 21.3% increase in sales of Forge Roll division to Rs 49.20 crore (Rs 40.57 crore). Cast Roll division’s Net Sales were up by 16.1% to Rs 142.22 crore (Rs. 122.50 crore). OPM% contracted to 19.76% (21.6%). Strong sales growth and 14% decline in interest of Rs. 6.4 crore led to 23.7% increase in PAT of Rs 15.1 crore.
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