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ISMT Ltd FY 06 PAT vaults 250 per cent

Written by: Staff
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Mumbai, May 4 (UNI) Pune-based engineering major ISMT Limited has clocked a 250 per cent vault in its PAT at Rs. 115 crore in FY 06 while its net sales expanded by 19 per cent at Rs 1,061 crore, said a release here today.

The company, which is also focusing on exports, also registered a healthy jump of 40 per cent in its export revenue at Rs. 210 crore.

ISMT Limited, which is the only integrated and diversified manufacturer of specialised seamless tubes and alloy steels in India, is presently engaged in increasing its capacity in tube-making from the present 1,55,000 tpa to 4,75,000 tpa while the alloy steel manufacturing capacity will be hiked from the present 2,50,000 tpa to 5,00,000 tpa.

The capacity expansion is expected to be completed by FY 08, the release added.

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