Hot Chips - Dhunseri Petro. & Tea
By Saikat Mitra |
9/27/2010 1:00 PM Monday
Dhunseri Petrochem & Tea (DPTL) has two businesses viz. tea and polyethylene terephthalate (PET) resins. The company is the largest stand-alone PET resin producer in India and the second largest by capacity, next only to Reliance Industries. DPTL is now looking to more than double the capacity of its petrochem operations in Haldia at a cost of `370 crore. With its PET capacity at 2,00,000 TPA all set to quadruple to about 8,30,000 TPA within three years, there will be a quadruple increase in the current sales just from its PET resin division. In addition to this, there will be a steady rental income flowing in from its IT-SEZ division within 2-3 years. That apart, the tea industry is also going to witness good growth. This means a multifold increase in the sales of DPTL in the coming times. The stock can be looked at for gain in the short to medium-term perspective.
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