JINDAL STRIPS LIMITED: PROFITS THROUGH GROWTH & PRODUCTIVITY
Article Abstract:
Jindal Strips Limited has announced a dividend of Rs3 per share for the year ended March 31, 1998. The company took up the expansion of its cold rolling capacity by 60,000 tonnes per annum at a cost of Rs331 crore during the year. The company board has approved a restructuring scheme, which envisages transfer of its Vasind unit to Jindal Iron & Steel Co Ltd and the Raigarh unit to Jindal Steel & Power Ltd. (gsh) --------------------------------------------------------- Audited Financial Results: Jindal Strips Limited (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Gross Sales 1265.73 1013.54 --------------------------------------------------------- Total Expenditure 1050.37 853.58 --------------------------------------------------------- Gross Profit 215.36 159.96 --------------------------------------------------------- Interest and bank charges 93.57 57.21 --------------------------------------------------------- Depreciation 74.27 59.96 --------------------------------------------------------- Income Tax Provision 2.00 4.50 --------------------------------------------------------- Net Operating profit 45.52 38.29 --------------------------------------------------------- Other Income 27.79 17.42 --------------------------------------------------------- Net Profit 73.31 55.71 --------------------------------------------------------- Paid-up equity capital 31.53 31.53 --------------------------------------------------------- Reserves 627.31 561.24 --------------------------------------------------------- Earnings per share (Rs) 23.25 17.67 ---------------------------------------------------------
Comment:
Announcea a dividend of Rs3 per share for the year ended 3/31/98 on net profit of Rs73.31 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
INDIAN ACRYLICS LIMITED
Article Abstract:
Indian Acrylics Limited of Punjab has announced its financial results for the year ended March 31, 1998. (gsh) --------------------------------------------------------- Audited Financial Results: Indian Acrylics Limited (Rs in lakh) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Net Sales 22666.72 18225.92 --------------------------------------------------------- Other Income 60.16 58.73 --------------------------------------------------------- Total Expenditure 16176.20 13449.19 --------------------------------------------------------- Interest & other charges 2321.78 2444.47 --------------------------------------------------------- Gross Profit 4228.90 2390.99 --------------------------------------------------------- Depreciation 3059.44 1156.88 --------------------------------------------------------- Net Profit 959.66 1216.76 --------------------------------------------------------- Paid-up share capital 9730.11 9674.32 --------------------------------------------------------- Reserves excluding revaluation reserve 30.00 30.00 ---------------------------------------------------------
Comment:
Reports sales of Rs22666.72 lakh & income of Rs60.16 lakh for year ending 3/31/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
ANTI-DUMPING DUTIES IMPOSED ON ACRYLIC FIBRE
Article Abstract:
The revenue department in the Union finance ministry has declared final anti-dumping duties, ranging from Rs83 per kg to Rs74 per kg, on acrylic fibre coming into the country from Japan, Portugal, Spain and Italy. This will benefit domestic acrylic fibre producing companies like Indian Petrochemical Corporation Ltd, Indian Acrylics Ltd, Pasupati Acrylon Ltd, and Consolidated Fibre and Chemicals Ltd. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: BHUSHAN STEEL & STRIPS LIMITED JISCO NET PROFIT DOWN 37% TATA SSL CUTS DOWN LOSS TO Rs4.58 CRORE
- Abstracts: GINNI FILAMENTS LIMITED L&T SEES NEW THRUST AREAS
- Abstracts: UNOCAL PLANS $4-BN CORE SECTOR PROJECTS UTI TO ENTER CORE SECTOR PROJECTS: SUBRAMANYAM GROUP USHA TO INVEST Rs547 CRORE IN IT SECTOR
- Abstracts: KARNATAKA INDUSTRIAL AREAS DEVELOPMENT BOARD: BREEDING INDUSTRY KARNATAKA ROAD POLICY HOLDS NO GUARANTEES FOR PROJECTS
- Abstracts: RBI SETS GUIDELINES FOR LENDING TO PROPRIETORS SREI FIN TO PUMP Rs800 CR IN CORE SECTORS