ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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FIRTH (INDIA) STEEL-Improved Prospects

development in the first quarter of this year in the automotive industry not only in India but worldwide was weak and the company was facing a situation of declining demand and as a result reduced earnings. It was with the knowledge of this background that a cautious dividend policy was followed by the board of directors.

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