Dr REDDY'S TURNOVER UP BY 17.97%
Article Abstract:
Dr Reddy's Laboratories recorded a 17.9 percent rise in its sales at Rs89.65 crore during October-December 1998 (Rs76 crore during the same period of 1997). This increase was due to an improvement in the sales of its formulations in India because of a rise in the sales of bulk drugs. The sales of formulations were Rs49 crore (Rs43.43 crore). Dr Reddy's Laboratories earned Rs8.92 crore from exports of its formulations (Rs19.71 crore). Its exports of formulations to the CIS nations fell by 72 percent at Rs4.63 crore (Rs16.78 crore). Its bulk drug division recorded sales of Rs37.14 crore (Rs29.39 crore). Of this, sales of bulk drugs in India were about Rs22.62 crore (Rs16.60 crore) and abroad Rs14.52 crore (Rs12.79 crore). (ag/kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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FROM STEEL TO SPLENDOUR
Article Abstract:
Southern Iron and Steel Company Ltd, promoted by Lakshmi Machine Works Ltd and Tamil Nadu Industrial Development Corporation, has set up an integrated steel plant in Salem district. The plant will produce about 16,000 tonnes of pig iron and 300,000 tonnes of bars and rods per annum. The company has tied-up with National Mineral Development Corporation for procuring iron ore and iron fines and plans to set up a coke oven plant to meet the requirements of coke for the integrated steel plant. (khr)
Comment:
Southern Iron and Steel Company Ltd, promoted by Lakshmi Machine Works Ltd and Tamil Nadu Industrial Development Corporation, has set up an integrated steel plant in Salem district.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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