ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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To Double Itself

To Double Itself Hansavivek TATA ENGINEERING AND LOCO- MOTIVE COMPANY is seeking government approval for an expansion programme designed to 'almost double' its present turnover over a period of 5 or 6 years. It would involve manufacture of 9,000 medium and heavy vehicles per annum at Poona, production of 3,000 off-highway vehicles per annum at Jamshedpur, and setting up of an alloy iron foundry at Poona with an annual capacity of 10,000 tonnes. The programme is estimated to cost Rs 40 crores. In addition, the company will need another Rs 25 crores for normal annual replacements and renewals over the period. It was intended to finance the programme largely from internal resources and from the funds accruing from the proposed merger with Central Rank of India Limited. The withdrawal of development rebate from 1974 and the increase in taxes proposed under the recent Budget has, however, upset these earlier calculations. It may become necessary, therefore, either to curtail the programme or to spread it over a longer period.

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