Indian Petrochemicals Corp. Ltd. reported a 239 % jump in 4th quarter profit and is expected to have healthy growth in the year ahead driven by robust economic growth derived by increased demand for its products. IPCL's profits for the January-March quarter rose to Rs 3.36 bn from Rs 990 mn a year ago. This was achieved by a 38 % fall in raw material costs.
In the year to March 2005, IPCL's production volumes rose 13 % to 5.18 million tpa. Domestic sales rose 24 %and exports surged 154 %. IPCL's overall production rose 14 % over the year as global demand grew at 5 %in 2004, far outstripping 2.8 % growth in global capacity.
28-Apr-05 
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