Lead Manufacturer Gravita India Acquires M/s K M Udyog, Jammu

Online, April 11, 2011 (Newswire.com) - Lead metals and Lead products firm Gravita India has acquired 60 percent stake in Jammu- based K M Udyog, which has an installed lead manufacturing and refining capacity of 7,200 tonnes per annum.

"The addition of K M Udyog, Jammu, is expected to improve the top and bottom line of the company by around Rs 65 crore and Rs 3 crore respectively during 2011-12," it said in a filing to the Bombay Stock Exchange.

With this addition, the enhanced capacity of the company will be 45,900 tonnes per annum, the filing added without disclosing the value of the transaction.

The Jaipur-based company manufactures lead metal, lead oxide and lead products among others and was listed on the bourses in November last year.

For the October-December, 2010 quarter, the Gravita India had registered a net profit of Rs 2.64 crore and had a net sales of Rs 53.13 crore.

The Gravita India Ltds is owned and managed by a forward-looking and dedicated team of professionals. It provides low cost Lead and its products at highest quality with a special emphasis on timely deliveries.

All business processes are targeted towards the maintenance of high levels of quality for our products and at the same time being cost-competitive. It is very versatile in its operations and extremely ethical in its business practices as believe in the preservation and protection of our natural resources. The all operations are in strict conformity with ISO 9001 and ISO 14000 guidelines.

The Company is engaged in:

* Pure Lead Manufacturing
* Lead Alloying
* Lead Sub-Oxide, Red Lead and Litharge Manufacturing
* Lead Sheets, Lead Pipe and Lead Powder Manufacturing
* Lead Mono Silicate and Re-Melted Lead Manufacturing
* Air, Water and Solid Waste Pollution Control
* Meeting of environmental and occupational health standards

Gravita India imports various raw materials such as Lead Acid Battery Scrap (ISRI - RAINS), Battery Plates (ISRI - RAILS), All sort of Lead Scrap, Raw / Remelted Lead Bullion, Lead Ore/ Lead Concentrate etc. from various countries.

18 years experience in the trade has sharpened expertise in producing the quality products such as Lead Metal and Lead by-products, and gives us an edge to garner the faith on qualitative ground.

http://www.gravitaindia.com, http://www.gravitaexim.com, http://www.gravitagroup.com