Robust domestic demand has resulted in a 45% jump for Haldia Petrochemical Ltd (HPL) in profit before tax (PBT) in the first eight months of this financial year. Profits have jumped from Rs 298 crore to Rs 433 crore. During the April-November period, HPL's gross sales increased by 28% at Rs 5,496 crore as against Rs 4,298 crore in the same period last year.
In this period, sales volume grew by only 8%, indicating that HPL's performance can be attributed to a better margin on its product. The dispute between the two major promoters - The Chatterjee Group and West Bengal Government has clearly not impacted operations of HPL.
07-Dec-06 
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