KIRLOSKAR BROS-Pursuit of Productivity

Rs 210 lakh for the previous year.
The year's results are to be examined against he backdrop of surplus sugar production in the country, the free market-levy supply ratio maintained at 55:45 and higher statutory minimum price of sugarcane fixed by the government together with an increase in the levy price of sugar. In UP, where the sugar factory and the distillery of the company are established, the state government hiked the sugarcane price from Rs 41 per quintal for the previous season to Rs 45 per quintal, which was much more compared to the central government's increase from Rs 23 to Rs 26 per quintal. As the industry contested in court the state level price, the government relented by revising the price to Rs 41. The levy price for the company for the S-29 grade sugar was fixed at Rs 605.03 per quintal based on BICP report as against Rs 538.60 for the 1990-91 season.