Kolkata, June 15 (IANS) Ruia Group-owned tyremaker Dunlop India is expecting a turnover of Rs.550 crore this year from its units in West Bengal’s Sahaganj and Tamil Nadu’s Ambattur, a top company official said here Tuesday.
‘At present, we are producing 30 tonnes of tyre a day in each of the facilities. We hope to raise the production to 60-70 tonnes a day by the end of this year. Once production stabilises at 30-40 tonnes, we will break even. We will make money when production reaches 60-70 tonnes a day,’ company chairman Pawan Ruia told reporters after its 83rd annual general meeting.
‘If everything goes right, we expect a Rs.550 crore turnover this year,’ he said.
Ruia said the company will not take a hasty decision on leapfrogging production. ‘We will go by the market. Market is now responding very well,’ he said.
He said the company was now on course to setting up a 50-megawatt (mw) captive power plant at Sahaganj in Hooghly district of West Bengal.
‘Now the requirement there is 5 mw. Once we go full capacity, the requirement will be 15 mw. We can earn extra revenue by selling the surplus power,’ he said.
Asked whether the present political scenario in the state has made industrialists apprehensive, Ruia replied: ‘Certainly everybody is apprehensive. The unknown. People are thinking what will happen after the assembly polls next year.’
‘But I feel whoever comes to power, has to go for industrialisation. I don’t see any problems,’ he said.
