Gravita Acquires M/s K M Udyog, Jammu

04 April 2011.

We are pleased to announce that our Company, Gravita India Limited together with its subsidiary Company, Gravita Exim Limited have acquired 60% stake in M/s K.M. Udyog, Jammu. The installed Lead manufacturing and refining capacity of M/s K.M. Udyog, Jammu is 7200 MT per annum.

With this addition, the enhanced capacity of Gravita India Limited will be 45,900 MT per annum. The addition of M/s K.M. Udyog, Jammu is expected to improve the top and bottom line of the Company by around  Rs. 65,00,00,000/- (Rupees Sixty Five Crores only) and Rs. 3,00,00,000/- (Rupees Three Crores only) respectively during the Financial Year 2011-12.