BILT to clock Rs 4000 crore turnover in 4 years

New Delhi, Apr 25 (UNI) Paper manufacturing major Ballarpur Industries Ltd (BILT) plans to invest over Rs 1200 crore on expansion and modernisation of the company to achieve a turnover of Rs 4000 crore in the next four years.

The company also envisages a compound annual growth rate (CAGR) of 15 per cent and production of over one million tonnes of paper and pulp by 2010, Mr B Hariharan, Group Director, Finance, BILT told reporters while releasing the financial results of the company here today.

It has set a target to achieve increase on return on capital from 13 per cent to between 18 per cent by 2007-08 and increase on return on equity from 11 per cent to 15-20 per cent by 2009.

BILT's growth strategy focusing on five major areas which include grow and increase market leadership, continuing transition to higher value-added proiducts, entry into office stationery and tissue segments, strengthening of brand identity and maintaining cost competitiveness, he added.

UNI BBS SS DB1854