OCL profits climb higher

OCL profits climb higher
Published: 03 February 2006

The OCL India Ltd, engaged in production and marketing of cement and sponge iron has recorded an increase of 17 per cent in its turnover at Rs 461.78 crore and a net profit of Rs 26.23 crore which was 40 per cent more than the corresponding period of nine months last year.  A release issued by the company said that cement, refractory and sponge iron productions were also higher by 19 per cent, 13 per cent and 10 per cent respectively during the current period.
The commissioning of the 3rd cement vertical roller mill was completed in September last year and the overall cement capacity has increased to 1.8Mt per annum from the previous capacity of 1.45Mt. A 14mW captive power plant is being put up and it will be commissioned by March 2006, said the release.