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AN ORDER OF RS SIX CRORE ORDER BEING EXPECTED FROM DELHI AIRPORT

June, 06

Jain Granites today said it has successfully executed a Rs three crore project for the Delhi Airport modernisation and was expecting an order for almost double the amount.

"Within eight weeks we executed the Delhi airport modernisation project after it was privatised and taken over by GMR. We are expecting another nearly Rs six crore order from the airport," R Sunil Bafna, Executive Director of the marble-granite trade and export firm, told reporters here.

The airport project was one among the several orders amounting to Rs 9.45 crore it received this fiscal.

The orders, which has been received by the company included Rs five crore order from Gap Pazarlama A S, Turkey, Rs 75 lakh order from Hock Heng Granite, Malaysia and Rs 25 lakh each projects from Oxford Base, Malaysia and Ally Weerasinghe, Colombo respectively, he said.

Bafna said his company was constructing a 2600 sq ft building in the city to set up its corporate office and granite showroom, which will be completed within a year.

The company had turnover of Rs 3.93 crore in 2005-06 with a nearly Rs nine lakh net profit and hoped to increase it several fold and was aiming at a turnover of Rs 20 crore in 2006-07 fiscal, he said.

Replying to a question, he said globally the market size of granites and marbles was to the tune of 200 billion USD and India had a share of just 1.75 per cent of it.

 
 
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