Ruchi Infrastructure Limited
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BSE Code:
509020
NSE Code:
RUCHINFRA
Business Profile
Business Profile
Ruchi Infrastructure (RUCHINFR) was incorporated on August 28, 1994. It is a leading tank farm company of India. RUCHINFR has storage terminals at 7 major ports in India and 5 railway siding terminals. The port based terminals are at Chennai, Cochin, Haldia, Jamnagar, Kakinada, Karwar & Mangalore. The company owns railway siding terminals at Cuttack, Hyderabad, Jaipur, Kanpur & Ludhiana. The port based terminals have separate pumps and pipelines that can be operated round the clock and does not require permission from the Customs Dept. or the port authorities for deliveries. It is also engaged in the business of edible oils and hydrogenated fats. RUCHINFR has facilities at Kakinada for refining crude oil for edible grade, manufacture of vanaspati and textured soya proteins. Clients of the company are Hindustan Lever Chemicals, Britannia Industries, Tata Chemical, among others. The company is a part of Indore-based Ruchi group. Ruchi Infrastructure has set up its own jetty at Rosy in Jamnagar, which has a laboratory and material handling system. The jetty is capable of handling both dry and liquid cargo. It is well equipped to handle around 6, 00,000 tonnes of dry cargo per year. Currently, Ruchi Infrastructure is in the process of expanding this capacity to handle one million tonne of dry cargo per year.
Another area RUCHINFR is venturing into is offering logistic solutions to importers as well as exporters of edible oil, petro chemicals and other chemicals. The company is open to inorganic growth in future and is exploring the possibility of acquiring storage facilities from the existing players in the industry. Having established itself as one of the leading tank-farm companies of India, Ruchi Infrastructure is now heading on to be a full-fledged infrastructure company.
Ruchi Infrastructure intends to be a global player, and is advancing in that direction by exploring the possibility of setting up storage terminals at overseas sites in China, Indonesia, Malaysia and Sri Lanka. Ruchi Infrastructure?s registered office is based at Maharashtra, India.
Financials
The company reported a sharp rise in standalone net profit for the quarter ended March 2009. During the quarter, the profit of the company rose 3.53 times to Rs 128.43 million from Rs 36.36 million in the same quarter previous year. Net sales for the quarter jumped 40.36% to Rs 3,860.93 million, while total income for the quarter jumped 40.36% to Rs 3,860.93 million, when compared with the prior year period. It reported earnings of Rs 0.63 a share during the quarter, registering 3.50 times growth over prior year period.