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

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PREMIER AUTO ELECTRIC-Beating the Recession

name simply as Titan Ltd.
PREMIER AUTO ELECTRIC Beating the Recession Premier Auto Electric; which is manufacturing polyurethane automobile components and accoustics, is beating the recession in the automobile industry. It has reported a 20 per cent growth in turnover for the year ended March 31, 1993, as well as a sharply increased gross profit and declared a higher dividend of 25 per cent against 20 per cent for the previous year on share capital which has gone up 50 per cent following a 1:2 rights issue of equity shares at a premium of Rs 25 per share. The first two months' turnover this year has been up further by 26 per cent from Rs 8. 38 crore to Rs 10.58 crore. Furthermore, from June II this year, it has purchased from Best and Crompton Engineering the plant and machinery of this company's auto products division together with the know-how in respect of manufacture of starter motors and alternators.

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