Braithwaite & Co aims to post Rs 10 crore net profit in FY19

Braithwaite & Co aims to post Rs 10 crore net profit in FY19

Want create site? With Free visual composer you can do it easy.

Date of Post: 27 Sep, 2018

Braithwaite & Co Ltd, a unit under the Ministry of Railways, aims to post Rs 10 crore net profit for the current fiscal on the back of strong order book, a top official said.

Braithwaite chairman and managing director Yatish Kumar said,”We are on strong revival path from slow track of operation since last few years. We are aiming for a net profit of about Rs 10 crore in 2018-19, up from Rs 3 crore in FY18.”

More Information:

  • He was speaking on the sidelines of a CII (Confederation of Indian Industry)-organised conference on manufacturing excellence in Kolkata.
  • In the last few months several steps have been taken, which were yielding results and monthly turnover has trebled to Rs 36 crore, he said.
  • Wagon repair activity has picked up of late and is expected to add Rs 100 crore to the topline in the current fiscal, he said.
  • Recently, the PSU received 1,000 wagon repair orders from ECR *East Central Railways) and was trying for a long term contract in this regard.
  • He said that the new wagon making capacity has also doubled to 80 per month and gradually it would go up to its optimum capacity of 200 wagons a month.
  • Braithwaite’s total order book stands ar about Rs 600 crore.

To know more about recent developments of  Railways-

24 Sep, 2018 : Railways Converts Jaynagar-Lokmanya Tilak Terminus Jan Sadharan Express into Antyodaya Express with LHB rakes

24 Sep, 2018 : Indian Railways to Install Latest Signalling System on Mathura-Vadodara Route

22 Sep, 2018 : ABB to Supply Equipment to Enhance Power Quality for India’s Western Dedicated Freight Corridor


Author:

Deepak Kumar is a part of the content team of Rail Analysis India as a writer and analyst .
His focus is on new initiatives on the Railway Sector of India .
Please reach us at editor@railanalysis.com for more information .


 

Did you find apk for android? You can find new Free Android Games and apps.

Leave a Reply

Be the First to Comment!

Notify of
avatar