DFPCL's net profit Rs 92.93 cr

Mumbai, May 18 (UNI) Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) today reported net profit for FY-2007 at Rs 92.93 crore as against Rs 79.77 crore in previous fiscal.

EPS of the company grew at Rs 10.54 per share for the same year from Rs 9.04 per share in the previous year. The company has also announced a 30 per cent dividend on its shares for the current fiscal.

DFPCL's vice-chairman and managing director S C Mehta said ''The growth was a consequence of the deft capitalisation on market-opportunity through a combination of in-house manufacturing and strategic outsourcing.'' Further, besides the LNG supplies likely to be available once the Dahej-Uran pipeleine is completed, DFPCL is also setting up a 15,000 MT ammonia storage capacity at the Nhava Sheva port near Mumbai on India's west coast.

The greenfield ammonium nitrate chemical complex planned at Paradip is targeted for completion in the financial year 2009-10, asserted Mr Mehta.

UNI