Financial Daily from THE HINDU group of publications
Thursday, Aug 05, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - PSU


789-tonne rise in KMML titanium exports

Our Bureau

Kochi , Aug. 4

KERALA Minerals and Metals Ltd (KMML) has increased its export of titanium dioxide pigment rutile grade by 789 tonnes during April - June, 2004 to 1,789 tonnes from 1,000 tonnes in the same period last fiscal.

With this, the Kollam-based State public sector company's turnover during the first quarter of 2004 has gone up to Rs 70 crore from Rs 66 crore in the corresponding period last year, Mr K.P. Rajendran, Managing Director, told Business Line.

He said that there had been a marginal decline in domestic sales because of the fall in international price and the reduction in import duty to 20 per cent and withdrawal of 4 per cent additional duty from January 2004 onwards. Given this advantage, the paint manufacturers had beefed up their inventory till March 31 last and this had resulted in a slow off take.

However, now the situation has changed as the international price has gone up and the importers have to pay 20 per cent import duty plus two per cent cess, which would make the landed cost higher or at par with the company's price.

He said that the KMML did not reduce the price to make it level with the imported price, being the only producer of the high quality titanium dioxide pigment rutile grade in the country. The international price at present is $1,750 to $1,800 a tonne.

The company's domestic sales stood at 4,900 tonnes in Q1 as against 5,200 tonnes in April - June 2003, he said. KMML has drawn up a plan to export 40 per cent of its production. The idea is to export its product during the lean season here lest its production and sales would be affected, he said.

It would be able to increase its production to around 35,000 tonnes during 2004-05 and in pursuit of achieving this target the production during April-July stood at 10,000 tonne.

More Stories on : PSU | Andhra Pradesh | Metals

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Business activity badly hit by heavy rain


Right Livelihood Awards to be announced in Hyderabad
FICCI wants Govt spending pruned
Seminar on Green Buildings in Thiruvananthapuram
CBEC asks Customs to refrain from unilateral action on EPCG cases
SC ruling on Pan masala, gutkha: Health bodies to approach Centre for ban
Rare surgeries performed by KIMS
USFDA's nod for Ranbaxy tablets
789-tonne rise in KMML titanium exports
Reliance finds more gas off east coast
Oil Ministry lukewarm to PSUs diversification — ONGC plans may be hit
BPCL, GSPC to ink piped gas supply deal
CPCL to set up desalination unit
Prescriptions may go generic
Sun Pharma, Ipca Labs plants hit by floods
Clinical trials of GM organisms — Pharma cos may be exempted from seeking clearance
Steel sector bid to woo budding architects
Centre's service tax collections double in Q1
Cotton prices may plunge further
Networked system should provide quality education: Kalam
NITK M.Tech seats on offer
Rash of resignations in consulting world
Cenvat removal puts paper cone units in a fix
CII announces talent contest for IT students
CII hails concept paper on Company Law
German co signs pact with CCMB
Kerala Govt announces sops for film sector
Maersk FDI proposal among 46 cleared
Centre for NRI studies to be opened shortly in Thiruvananthapuram
LMW to open `leisure village' for seniors
`Convert India into a country of opportunities'
MBA students' meet on CMP
India Inc for review of `falsification of accounts' proposal
Taj group forays into wildlife tourism — Ties up with CC Africa, Cigen



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line