Suprajit's plans Rs.40.00 crores CAPEX

Suprajit Engineering announced a capital expenditure plan of Rs.40.00 crores for the coming year. This Capex is towards expansion of capacities for domestic business, export business and overseas acquisition.

Suprajit announced its results which showed a turnover of Rs. 10,225.45 Lakhs during the period ended 31.12.2005 against Rs. 7,802.08 Lakhs during the corresponding period last year, recording a growth of 31.06%. The pre-tax profit for the period was Rs.1406.25 Lakhs against Rs. 1064.96 Lakhs during the corresponding period last year, recording a growth of 32.04%.

CTP Suprajit Automotive Private Limited, a 50:50 Joint Venture Company with Carclo plc., U.K. to setup 100% EOU for export of Cables to European markets has started trial run of plant.

The Board has declared an Interim Dividend of 20 % for the year 2005 – 06 against 20% Interim Dividend paid during the year 2004 – 05.

Suprajit will go live on its ERP implementation shortly to integrate all its units.