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Manaksia Aluminium eyes profit in FY'18;plans capex up to 40cr

Press Trust of India  |  Kolkata 

Buoyed by an uptick in demand and rising prices, Company Ltd (MACL) is hoping for a turnaround with a healthy profit during the current fiscal, a top today said.

"We are looking at profit in the current fiscal as both demand and prices are picking up. Since the demerger in 2014, getting on to profit is a healthy sign," Alumunium told

In the last fiscal, the value-added product company posted a loss of Rs 4.61 crore. But in the first half of 2017-18, it registered Rs 1.56 crore net profit.

He was speaking on the sidelines of a Bengal Chamber of Commerce and Industry organised trade and logistics conclave.

Ltd demerged four businesses retaining operation. Manaksia is one of the four companies born out of demerger.

Agrawal said that the company had posted profits in the first and second quarters of the current fiscal.

The company is also planning to invest Rs 30-40 crore to ramp up the production through de-bottlenecking of its

With the investment and modernisation, capacity will go up by 15-20 per cent from an annual capacity of 17,000-18,000 tonne of

The company is aiming for a topline jump of 15-20 per cent to around Rs 300 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 17:35 IST