SULZER PUTS INDIA HIGH ON OPERATIONAL STRATEGY
Article Abstract:
Sulzer of Switzerland raised its stake in the Rs36 crore Sulzer (India) Ltd (SIL) from 51 percent to 80 percent in June 1998. Sulzer has evolved an operational strategy for India for the next 5 years to make a turnover of over Rs100 crore by the year 2002. According to this strategy, the divisions of SIL would be reorganised. SIL would import products. SIL hopes to increase its income from exports from Rs3 crore to Rs12 crore by 2002 AD. SIL has set up 4 compressed natural gas (CNG) stations in Mumbai. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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COAL INDIA NET PROFIT JUMPS 220%
Article Abstract:
Coal India Limited (CIL) posted a 220 percent increase in its net profit to Rs812 crore in 1997-98 (Rs254 crore in 1996-97). Its weaker subsidiaries incurred a loss of Rs769 crore (loss of Rs680 crore). Its profit before tax increased by 60 percent to Rs1,804 crore (Rs1,137 crore). It had provided Rs450 crore as wage relief in 1997-98. CIL mines coal. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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POWER GRID CORPORATION OF INDIA LIMITED
Article Abstract:
The Power Grid Corporation Of India Limited of New Delhi has published its unaudited financial results for the quarter ended September 30, 1998. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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