Walchandnagar Industries was incorporated at Mumbai. The company manufactures sugar refined spirit, sugar machinery, plastic goods, cement plant paper and pulp plant, water tubes boilers, time pieces, etc. The company manufactures sugar by the double sulphitation process. The company has also received orders for EPC projects in the field of mineral processing. The company gets orders for sugar plants, cement plants, steam generating plants and gear boxes. The order book position for space, defense and nuclear continues to be good. The company created a separate division named `Walchand Projects Group` to avail the growing opportunities in this type of business. Financials The company announced rise of 171.43% in standalone net profit on y-o-y basis to Rs 49.40 million, while total income increased 141.24% y-o-y basis to Rs 2.87 billion for the quarter ended March 2011.
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