HPL net rises by 95 per cent
Kolkata, May 15(UNI) Haldia Petrochemicals Ltd (HPL) has reported a 95 per cent increase in net profit at Rs 584 crore during 2006-07 from Rs 300 crore in the previous year.
The company's financial results which were announced today showed a 21 per cent growth in total income at Rs 8,376 crore during the period as against Rs 6,928 crore in 2005-06.
Operating profit shot up by 25 per cent to Rs 1421 crore as compared to Rs 1,138 crore in the previous year.
HPL Managing Director Swapan Bhowmik said the company was planning to expand its market share, increase production capacity and enhance competitiveness in future.
HPL is a joint venture project with Government of West Bengal, The Chatterjee Group, Tatas and Indian Oil Corporation as major stakeholders.
UNI