Dhunseri Petrochem & Tea Limited (DPTL) has two businesses viz. tea and polyethylene terephthalate (PET) resins. The company is the largest stand-alone PET resin producer in India and the second largest by capacity, next only to Reliance Industries. Dhunseri Petrochem & Tea Limited is the flagship company of the Kolkata based Dhunseri Group. In the beginning the group had promoted Dhunseri Tea in 1970 and subsequently promoted South Asian Petrochem Ltd in 1999-2000. Subsequently the two groups were merged together into one company and renamed as Dhunseri Petrochem & Tea Limited.
DPTL is undertaking a massive capacity expansion programme of 210,000 TPA in Haldia, West Bengal in addition to the 200,000. this makes the total capacity to 410,000 TPA by April 2012, the expansion is estimated for a cost of Rs. 370 Crores.
The compnay is developing a 420,000 TPA PET Plant in Egypt through its Egyptian subsidiary where it would be holding 70% equity and the rest would be held by 3 local companies the project is expected to be completed by June 2013 at an estimated cost of Rs 720 cr. The Eqyptian subsidiary will be holding 70% and the rest by local companies. The civil work at the project site is already started.
The Company is also proposing to set up a greenfield, state-of-the-art PET resin plant, with a capacity of 4,20,000 TPA, expected to be commissioned by 2012
The tea industry is also going to witness good growth. This means a multifold increase in the sales of DPTL in the coming times. DPTL has 11 tea estates with a production capacity of 10.5 Mn Kg and has also recently acquired about 4 tea factories. It is on the lookout for more acquisitions and has targeted a production of 20 Mn Kg by FY13-14. With tea prices expected to firm up, the revenues are expected to increase.
IT Infrastructure twin towers in Bantala, Kolkata: The SEZ is being located in Bantala, projected as the next IT destination by the West Bengal government. The area is located on the Basanti State Highway on the southern fringes of Rajarhat New Town and 14 km from Science City
there will be a steady rental income flowing in from its IT-SEZ division with a total area of 7,50,000 sq ft. within next 1 - 2 years. The first phase build up area of 3,70,000 sq ft is expected to be operational by June 2012, which it intends to lease out and earn a revenue of at least Rs 30/sq feet per monthly.
Other Investments: Apart from the PET Business, Tea & IT Infrastrucutre business, the company has invested handsome money in several listed cos. The company has invested in some companies like, Escorts, Fortis Healthcare, Areva T & D, Aditya Birla Nuvo, Nagarjuna Fertilizers, L & T,Maruti suzuki, SBI, West coast paper Mills etc...
Share Holding Pattern:
The company promoters hold 62.71% of the shares, Corporate and persons holding more than 1% of shares totals 17.10% are mentioned below, Leaving only 20% to the general public.
Financials:
The company grown to a Rs.1500+ Crores organisation in 2010-11, from Rs. 105.84-crore organisation in 2008-09. For the quarter ended Q1 FY12, the company reported net profit of Rs.21.76 Crores on a net sales of 487.11 Crores.
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