ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Larger Sales

1991, the company now plans to take on major expansion, helped by increasing consumer demand. To enhance its present 50 TPD seed crushing capacity the company has already placed orders for a 100 TPD solvent extraction plant and 50 TPD BSS grade refinery unit. These are being designed and developed by Troika Process, Bombay, reputed suppliers of oils and fat process technology with a clientele spread worldwide. Armed with a completely indigenous technology, the company has an established oil mill at Chhatral, near Ahmedabad, while the proposed project is to be set up at Vadsar, 13 kms away. The civil work is in progress and is expected to be completed by April. According to the appraisals made by Bank of Rajasthan, the project enhance turnover to Rs 3,119,85 lakh and profit (after tax) to Rs 188.89 lakh during 1993-94, yielding an EPS of Rs 5.40 lakh. Capacity utilisation this year will be 75 per cent, which is expected to increase substantially in the coming years resulting in greater productivity arid hence profitability. The company's expansion, designed to capitalise on the diverse uses and market potential of castor oil, is to cost an estimated Rs 389.51 lakh. This is being financed by promoters' contribution of Rs 87 lakh, cash subsidy of Rs 8.35 lakh, term loan/deposits and internal accruals amounting to Rs 56.16 lakh and capital issue of Rs 238 lakh.

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