PSU DOMESTIC BONDS TO FETCH Rs11,784 Cr
Article Abstract:
In 1998-99, leading public sector undertakings (PSUs) plan to float domestic bonds to raise around Rs11,784.11 crore. In 1997- 98, also these PSUs had raised Rs9,490.66 crore through the same route. Some of the major borrowers through the bond route will be the Indian Railways through Indian Railway Finance Corporation with Rs2,900 crore (Rs 2,983 crore in 1997-98), the telecom sector through Videsh Sanchar Nigam Limited with Rs2,291 crore (Rs554 crore), Power Finance Corporation with Rs1,000 crore (Rs400 crore), Housing and Urban Development Corporation with Rs787.41 crore (Rs800 crore) and Numaligarh Refineries, a joint venture with Reliance Industries Ltd with Rs734 crore (Rs300 crore). (gsh)
Comment:
India: Leading public sector undertakings plan to float domestic bonds to raise around Rs11,784.11 crore in 1998-99
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SWC POSTS Rs11.43-CR NET
Article Abstract:
Shaw Wallace & Company Ltd has registered a net profit of Rs11.43 crore for the year ended June 30, 1998 against a net profit of Rs34 lakh in the year ended June 30, 1997. The company's sales increased by 22 percent to Rs792 crore from Rs651 crore. The company says that its increased profitability is due to growth in its core business of liquor and beer. Its beer sales grew by 50 percent while its Indian Made Foreign Liquor business grew by 17 percent in 1997-98. The company's volume sales registered a growth of 24 percent and generated a gross profit of Rs33.22 crore in the six months ended December 1998. (khr)
Comment:
Shaw Wallace & Company Ltd has registered a net profit of Rs11.43 crore for the year ended June 30, 1998 against a net profit of Rs34 lakh in the year ended June 30, 1997.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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SKF BEARINGS POSTS Rs11-CR LOSS
Article Abstract:
SKF Bearings incurred a loss of Rs11 crore in the third quarter of 1998-99 (a loss of Rs3 crore in the same period of 1997-98). The increase in loss was due to extraordinary expenses on the voluntary retirement scheme and the interest on the funds raised for the purpose. Its sales were Rs96 crore (Rs97 crore). Its interest cost was Rs5.50 crore (Rs6.50 crore). Its expenditure on the voluntary retirement scheme was Rs15 crore. Its depreciation was Rs12 crore (Rs10.70 crore). (ag) (kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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