WILL THINGS CHANGE?
Article Abstract:
Nitrogenous fertilizers make up for 71 percent of total fertilizer consumption in India. Of the nitrogenous fertilizers, urea accounts for 85 percent of the consumption. The domestic industry leans on a number of subsidies that protect it from imports. These subsidies eat up Rs77,600 million from the government's treasury. The committee set up to view the fertilizer pricing issue has suggested a number of changes like removal of retention pricing mechanism and allowing producers to fix farmgate prices subject to a level of Rs6,500 per tonne. It also asks for re-rating of capacities and reimbursal of Rs1,750 per tonne of urea sold to makers who use naphtha or coal. (nv)
Comment:
India: Nitrogenous fertilizers make up for 71% of total fertilizer consumption in the country
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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BERGER PAINTS (INDIA) LTD
Article Abstract:
Berger Paints (India) Limited (BPIL) has a market share of 13 percent in the paints industry of India. It earns around 70 percent of its revenues from decorative paints. Its major brands are Rangoli, Splendour and Weathercoat. It has a technological collaboration with Valspar Coatings of USA for heavy duty coatings and Herberts of Germany for automotive paints. In 1997-98, BPIL recorded sales value growth of 12 percent and sales volume growth of 14 percent. Its depreciation doubled due to the commissioning of its plant in Pondicherry. Its net profit rose by 28 percent. It declared a 1:1 bonus shares and 70 percent dividend for 1997-98. (gsh)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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BRAVING ALL ODDS
Article Abstract:
ITC Ltd has a 70 percent marketshare in the cigarette segment of the Rs80 billion tobacco industry while Godfrey Philips India Ltd has a 16 percent share. The share of cigarettes in the total tobacco consumption has fallen from 23 percent in 1971-72 to 16 percent in 1993-94. Philip Morris, the producer of the Marlboro brand of cigarettes, wants to set up a 100 percent subsidiary in India to manufacture and market its products. (khr)
Comment:
ITC has 70% marketshare in cigarette segment of Rs80 billion tobacco ind while this co has a 16% share
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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