Monday, July 14, 2008

Walchandnagar Industries Ltd

Walchandnagar Industries Ltd is engaged in the business of manufacturing of Heavy Engineering Products, Foundry & Machine Shop and Others. The Heavy Engineering segment is the major business segment of the Company registering 88.2% of its sales during the fiscal year ended September 30, 2006. Other segments include the unit at Dharwad (India) for manufacturing pressure and temperature gauges and sector mechanisms; Walchand InfoTech services division, and hospitality business.

Net sales went up to Rs. 163 Cr as compared to Rs. 157 Cr on YOY basis a 4% growth. Its net profit went up 38% YOY during Q4FY08.

WIL will be one of the major beneficiaries of Indo-US Nuclear deal passed recently as it will open up new growth avenues in nu}

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