FCL net rises 68%

The net profit for Finolex Cables (FCL) rose to Rs 22.56 crore (Rs 13.42 crore) for the quarter ended June 30, ’06, a growth of 68%. Turnover of the company for the same period was Rs 211.74 crore(Rs 143 crore), a growth of 48%.

With plans to expand its manufacturing base, FCL will invest up to Rs 200 crore in Uttaranchal in a green field manufacturing facility.