Candra Prabhu International:( Updates):Chandra Prabhu International Limited (CPIL) ia a well-known name in the trading of Petrochemical Products, Synthetic Rubber & Chemicals and Coal for the last 25 years. The Company is an enterprise with many years of creativity and commitment. CPIL has diversified its operations over the years to keep abreast of the changing times.

It is now confirmed that the company is signing a deal with an Australian Mining and Exploration company for some joint ventures in India and overseas. The company is into drilling and exploration and recently formed a subsidiary. The subsidiary known as South West Drilling and Infrastructure Limited (SWDIL) will undertake mining, drilling, excavation, transportation, querying work, civil construction work and infrastructure development. It will also take mines on lease in India and overseas. The joint venture will help to bring in the latest technology from overseas, which will increase the profitability of the company to a large extent.

Synthetic Rubber: The company is one of the leading dealers/importers of Synthetic rubber in India and had been an exclusive agent for Synthetic and Chemicals Limited, one of the biggest Indian synthetic rubber manufacturing companies in India, which closed shop due to some internal reasons. After the Closure of Synthetic Rubber and Chemicals, Bareilly, India, the Company switched over to imports of Synthetic rubber and chemicals like NBR, PBR & SBR from Indonesia, Taiwan, Korea, Iran, and US. CPIL is specialized in the International trade with the support of regular leading suppliers and buyer in all types of high quality rubbers in prime, off-grade, scrap. The company mainly deals with Nitrile Rubber (NBR), Styrene Butadiene Rubber (SBR) & Polybutadiene- (BR). Since the price of rubber has shot above the roof this will help the profitability of the company to a large extent.The company, has recently started Bio tech Division in Pune. The Company will initially grow and process Stevia, a natural sugar, which is free from calories and is safe for diabetics.The company is in the process of Implementing a contract from Iran.

The company is coming up with results within a few days. Since this is offseason for the company and hence this might show up in the results. But the results are expected to be better than the same period previous year. The company is expected to clock a turnover of more than Rs.10 Cr and EPS crossing Rs.2.5 for the FY-06-07.

Suman Mukherjee

India.

http://finance.groups.yahoo.com/group/SumanSpeaks/