Ennore Foundries sales up 20% at Rs.395 cr
Ennore Foundries, is gearing up to commission its greenfield foundry unit, near Chennai, in the second quarter of this fiscal. After wiping out Rs. 26 crore accumulated losses, the company posted a net profit of Rs. 16. 16 crore in 2006-07 against Rs. 13. 96 crore in the previous year. Net sales touched Rs. 395 crore, a 20% rise over previous year's Rs. 329 crore. With the expansion project at the Greenfield site at Sriperumbudur nearing completion, the commercial production is expected to commence during the second quarter of fiscal 2006-07, as planned, according to Mr V. Mahadevan, MD, Ennore Foundries.
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