ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Accent on R and D

Accent on R and D Hansavivek MAHINDRA UGINE STEEL COMPANY (MUSCO) has shown poor results for 1984 85 due, the company claims, mainly to an "illegal strike" by workmen at the plant from February 28 to April 27, 1985 resulting in production loss of about 14,000 tonnes. The company produced 63,266 tonnes of in- gots and 46,722 tonnes of finished alloy and special steels compared to 97,868 tonnes and 75,482 tonnes, respectively, in the preceding 18 months of 1983-84, Pro-rata output for 12 months of 1983-84 works out to 65,245 tonnes of ingots and 50,321 tonnes of finished alloy and special steels. As it is, the company's safes amounted to Rs 50.35 crore against Rs 83.21 crore in the previous 18 months and gross profit came to Rs 271 lakh against a trading toss of Rs 89 lakh. After depreciation, there was a lower fresh net loss of Rs 112 lakh against Rs 593 lakh.

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