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

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Power Finance Corporation

cent on the capital enlarged by the conversion of convertible portion of the debentures into equity shares. The new shares are entitled to pro rata dividend. The distribution is covered 2.10 times by earnings as against 1.90 times previously. The offtake of the company's products was affected due to sluggish growth in sales of commercial vehicles in the country. The market for agricultural tractors has, however improved. The company stepped up exports from Rs 48 lakh to Rs 109 lakh. In the current year exports are expected to go up to Rs 450 lakh to the US, UK and western Europe.

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