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Graphite to boost capacity at Durgapur

Capital Market/ 08:56 , Jul 26, 2011

Graphite to boost capacity at Durgapur

Graphite India is expecting an increase in profitability in 2011-12. The company's capacity utilisation, which had plummeted to 52 per cent in 2009-10, has improved to 79 per cent in the April-June quarter of this fiscal. Graphite is in an advanced stage of commissioning a Rs 255-crore capacity augmentation project at its Durgapur facility in West Bengal. The project is slated to be complete by the end of this fiscal. The company's plan for setting up a 50-MW captive power plant in Durgapur has suffered a setback due to non-availability of environmental clearance. Graphite is now looking forward to set up either a captive thermal or hydel power plant in some other location, preferably in West Bengal.

 



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