As a case for diversification, the VSF business, which has minimal re-investment needs, has generated strong cash flows which have resulted in funding of the cement investments. The chemical business’ performance was impacted due to water shortage. Production of caustic soda, and consequently sales volumes, declined as a result. Realisations were also affected due to lower caustic and allied product prices globally. As a result, net turnover dipped by 28% to touch Rs.715 million and PBIDT fell by 52% to Rs.179 million. As part of its future strategy, the company is in the process of converting its caustic soda plant based on mercury cell technology into the new energy-efficient membrane cell technology at a cost of Rs.1.48 billion.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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