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Essel Propack audited net up 12%
MUMBAI: Subhash Chandra promoted laminated tubes manufacturer Essel Propack Ltd has clocked audited global sales of Rs 6,092 million for the fiscal ended December 2003, reflecting a growth rate of 21 per cent over the previous year. The net profit at Rs 706 million has grown 12 per cent over the previous year.
Declares final dividend of Rs 1 per share, taking the total dividend to Rs 8 per share
According to an official statement, Essel Propack’s new laminate manufacturing unit in China has fully stabilised and the laminate has been well accepted in the USA market. The impact of this, according to the statement, will be visible in 2004. The Company also claims that it has strengthened its position in the key markets of India, China, and USA.
Announcing the audited annual results, Essel Propack vice chairman and managing director Ashok Goel said in an official statement, “Russia is the obvious growth geography, particularly in view of our success in China and USA.”
Speaking of the results, COO R Chandrasekhar explained that in US dollar terms, the profit after tax (PAT) growth is 14 per cent over the previous year, but due to the strong Rupee, the PAT at Rs 706 Million was 12 per cent more than in the last year in Rupee terms.
The Essel Propack board has recommended a final dividend of Rs 1 per share for the year ended 31 December 2003, which is over and above the interim dividend of Rs 7 announced earlier taking the total dividend to Rs 8 per share for the year 2003 which is 40 per cent of the Company’s global profits. Last year, the Company had paid a total dividend of Rs 6.50 per share.
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Business Today MindRush returns to Mumbai, spotlight on India’s edge in a fractured world
Policymakers and corporate heavyweights gather to map supply chains, energy security and markets
MUMBAI: As fault lines widen across global trade and geopolitics, Business Today is doubling down on India’s moment. The 14th edition of Business Today MindRush & Best CEOs Awards lands in Mumbai on March 28, pitching India’s strategic edge at the centre of a fragmenting world.
The day-long summit, presented by PwC, will bring together a tight mix of policymakers, industry leaders and market voices to decode shifting supply chains, maritime strategy, defence priorities, energy security and capital markets—sectors now deeply entangled with geopolitics.
M Nagaraju, secretary, department of financial services, ministry of finance, will headline the event, setting the tone for discussions that aim to track how India is repositioning itself amid disrupted trade routes and volatile energy dynamics.
The speaker slate reads like a cross-section of India Inc’s command centre. Krishna Swaminathan will zero in on sea lanes and supply chains, while Prashant Ruia is set to push the case for self-reliance in oil and gas. Ashish Chauhan will weigh in on capital markets at a pivotal juncture, as a panel featuring Vibha Padalkar, Sanjiv Mehta, Amish Mehta and Sanjeev Krishan debates navigating economic uncertainty.
Leadership under pressure will be another running theme. Madhavkrishna Singhania, Sharvil Patel, Karan Bhagat and Anurag Choudhary will unpack how businesses are steering through disruption. Arun Alagappan will turn the spotlight on fertilisers, Arundhati Bhattacharya will reflect on leadership transitions, while Anish Shah and S Vellayan will outline blueprints for building future-ready conglomerates.
The event will close with Aroon Purie setting the broader editorial lens, before the Best CEOs Awards recognise standout corporate leadership across sectors.
At a time when the global order looks increasingly splintered, MindRush 2026 is positioning itself as more than a conference—it is a signal that India intends not just to navigate the churn, but to shape it.
