PRESS RELEASE

25 January 2008

Bihar Caustic and Chemicals announces results for Q3 FY 2008

	Rs. crore	Per cent
Net profit	16.45	71
Net sales	48.10	21

Bihar Caustic and Chemicals Limited has reported good results for the third quarter ended 31 December 2007. Net sales at Rs 48.10 crore are up 21 per cent vis a vis Rs 39.70 crore attained in the same quarter last year.

Net profit, at Rs 16.45 crore, soared by 71 per cent as against Rs 9.57 crore for the corresponding period last year.

Bihar Caustic’s growth rate at 25 per cent is nearly double that of the market which grew at 13 per cent.

“The results are a reflection of the company’s ongoing focus on cost optimisation processes and increasing manpower productivity. The revamping of the power plant which recorded a plant load factor of 102 per cent also contributed towards the enhanced performance numbers”, says Mr. K.K. Maheshwari, Aditya Birla Group’s Director responsible for the Group’s chemical and trading business.

Bihar Caustic has won the distinction of being named as the winner of the IMC’s Ramkrishna Bajaj National Quality Award — first prize in the manufacturing sector, 2007. The award is to be conferred in March 2008 at the IMC function.