IDL PLANS TO REPAY HIGH-COST DEBT
Article Abstract:
IDL Industries Limited (IDL), involved in explosives, floriculture and non-conventional energy, has decided to repay its high-cost borrowings and modernise its unit at Hyderabad. To repay its financial commitments, mainly foreign currency term loans availed from domestic financial institutions, IDL plans to borrow from the Export Import Bank of India (Exim Bank). The company owes Rs2.62 crore to IDBI, Rs73 crore to ICICI and external commercial borrowing of Rs4.59 crore to SBI. The Exim Bank has sanctioned a term loan of Rs8 crore for the modernisation programme at Hyderabad unit. IDL has already sought term loans amounting to around Rs8 crore and Rs1.5 crore from the Exim Bank and Industrial Promotion and Investment Corporation of Orissa Limited (Ipicol) under the production equipment programme. (gsh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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AMRUTANJAN TO REORIENT MARKETING STRATEGY
Article Abstract:
Amrutanjan Ltd of Chennai has decided to reorganise its marketing strategy to have a competitive edge over its rivals Procter and Gamble and Zandu Pharmaceuticals. It is shifting its marketing strategy to become a player in the pain relief segment rather than in the pain balm segment. It is shortly launching gel (tube- form) and muscle relaxant cream in the UK market. It plans to introduce nine new products by 2001 AD. In the northern region, the company is aiming to tap the rural market and will initially appoint 300 distributors in Uttar Pradesh. It has earmarked about 2 to 3 percent of the turnover for advertisement. (gs) (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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