Bharat Agri to boost production in FY'14

Posted By: Religare
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Bharat Agri Fert & Realty Ltd. today said that its board of directors has approved 75,000-80,000 MT of production and sales of SSP fertilizer for the upcoming financial year.

To achieve the target, the company will approach existing bankers to increase working capital limit based on its performance and achievements for current year, the company said in a filing to the Bombay Stock Exchange.

Moreover, Bharat Agri hopes to receive modifications in TMC plan, based on MOEF permission and will commence construction of F Tower on present available limit of 26,527 square meters as approved by MOEF, New Delhi.

In addition, the company is expected to reach the targeted turnover of Rs 60 crore +-5 per cent with reasonable profit of Rs 25 crore +-5 per cent for the financial year 2012-13, the filing added.

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