Khaitan Chemicals net up by 94 per cent

New Delhi, June 8: Khaitan Chemicals and Fertilizers Ltd today registered a 94 per cent increase in its net profit for the year ending March 31, 2006 at Rs 8.85 crore as compared to Rs 4.56 crore last year, recommending a dividend of 18 per cent.

The total turnover of the company stood at Rs 245.6 crore, up by 33 per cent as compared to Rs 184.86 crore the previous year.

Earlier this year the company took over and amalgamated Mahadeo Fertilizers Ltd having a capacity of 115,500 tonnes per annum (tpa) of single super phosphate (SSP) capacity and 49,500 tpa of sulphuric acid.

With this merger, the capacity of Khaitan Chemicals has increased to 847,000 tpa of SSP and 221,100 tpa of sulphuric acid.

The solvent oil plant capacity has been increased from 400 tpd to 1,400 tpd, and a granulation plant of 99,000 TPA capacity has been added to its Nimbhera unit in Rajasthan, Khaitan Chemicals and Fertilisers Ltd Chairman Shailesh Khiatan said in a statement.

UNI