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Journalism of Courage
MUMBAI: Indo Gulf Corporation has posted a net profit of Rs 89.68 crore for the first half of the current fiscal against Rs 70.5 crore for the same period last year, despite high interest charges depreciation on account of the copper division. The company8217;s turnover has jumped 62 per cent over last year at Rs 1,001.03 crore, propped up primarily by higher capacity utilisation of the copper division in the second quarter.
At 114 per cent capacity utilisation, the division contributed over 60 per cent to the company8217;s total turnover during the first half.
