Voltamp Transformers Ltd, one of the leading transformers makers in India, has deferred the construction work of its new manufacturing facility at Savli in Vadodara to save cost.
"The construction of the new facility for manufacturing transformers at Savli has been delayed by five months and it is likely to be operational by August 2009. By deferring the project, the estimated cost of setting up the unit will be around Rs. 27 crore as against the budgeted cost of Rs. 35 crore," said Kunjal Patel, MD, Voltamp Transformers.
Meanwhile, the company's net profit for quarter ended March 2009 increased by 39.58 per cent to Rs. 30.19 crore as against Rs. 21.63 crore for the corresponding period last fiscal. It also reported a rise in its net sales at Rs. 643.06 crore for the financial year ended 31 March, 2009 as compared to Rs. 555.35 crore last financial year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app