• search

BPIL to invest Rs 28 cr to set up Al radiator facility

Written by: Staff
|

New Delhi, Apr 5 (UNI) Banco Proucts India Ltd (BPIL) is planning to invest Rs 28 crore during the financial year 2005-06, for setting up a new Al radiator facility for exports and adding a new Al radiator line to its existng facility.

The company, the second largest gasket manufacturer in the country, is also setting up an Export Oriented Unit for radiators at an estimated cost of Rs 20 crore, which would result in doubling of its Al radiator capacity to 1.2 millon units by this year.

BPIL has also tied up with a leading Tier I supplier of auto component in Europe for supplies of Original Equipment Manufacturer (OEM) spares, which is a new development for the company since its exports were mainly to the aftermarket.

The radiator business of the company has been the key growth driver over the last couple of years, which registered revenues to Rs 71.4 crore in 2004-05.

In 2004-05, Al radiator exports, which doubled over the previous year to Rs 17.8 crore, are expected to emerge as a key driver of the company's long term prospects.

In Q1 2005-06, BPIL recorded moderate growth in its net revenues that grew by 8.7 per cent to Rs 34.8 crore in comparision to the corresponding quarter previous year.

UNI CS SR BD1531

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more