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Mumbai, July 30

KS Oils reported 177 per cent rise in net profit at Rs 23.61 crore for the quarter ended June 30 against Rs 8.51 crore in the samequarter last year. Sales in first quarter of FY ’08 increased 69 per cent to Rs 366.33 crore (Rs 216.48 crore). The company has announced a final dividend of 15 per cent for the financial year 2006-07. “To create a pan-India presence, we have created a war chest of Rs 650-750 crore which will be used to fund capacity expansion in new projects, acquisitions as well as the company’s foray into the exciting wind power generation,” said Mr Sanjay Agarwal, Managing Director, KS Oils. Its expansion plan includes five plants out of which three are located in Madhya Pradesh and the other two in Rajasthan. The company expects to commission the projects over the next 24 months. Theexpansion will add 4,000 tonnes per day to the company’s oil seeds crushing capacity — 3,000 tonnes per day in solvent extraction and 1,000 tonnes per day in refining .—

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