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

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LIPTON INDIA-Higher Return on Equity

finances will be seen in the accompanying table. What is important is that the company closed the year with cash and bank balances of an amount of Rs 217.59 crore, compared to Rs 3.06 crore at the close of the previous year. Loan funds also increased sizcably, while conversion of the debentures into equity for an amount of Rs 100 out of the debenture price of Rs 150 is to wait till September this year The company will have to deploy the finances on hand urgently. The annual report refers to some of the proposals on hand, while more light on this may be shed at the annual general meeting which is scheduled for June 26. Meanwhile, despite improved results, the turnover ratio has dropped and so also return on investment. And despite the high amount of reserves, a bonus issue will have to await the conversion of debentures, This West Bengal-based company's Bamunari engineering plant performed much better in both production and turnover. But it also experienced restricted offtake by the erstwhile USSR. The Santra- gachi plant was restrained by the low offtake of wagons by the railways. The Tiljala plant is due to make significant improvement with better product-mix and new plant and machinery being installed by way of modernisation. The general engineering works in the north experienced stiff competition from composite units making both wire and wire rods with unremuncrative prices obtaining as a result. Samples of auto tyre bead galvanised stranded steel have met with the approval of buyers in the US, Sri Lanka and Pakistan, The chemicals division at Haldia stands to gain by the decanalisation of import of raw petroleum coke with effevt from April 1, 1992. But rationalisation of import duty on RPC vis-a-vis calcined petroleum coke remains still an issue. The unit has progressed in implementation of the caustic soda project, while efforts are under way for diversification into other carbon-related products.

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