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

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Indo Count Industries

Atul Glass Industries THE flagship company of the Atul Glass group of companies, Atul Glass Industries has shown good results for the year ended March 31, 1993. The rise in the company's profit after tax from Rs 21 lakh last year to Rs 44 lakh has pushed up its EPS to Rs 3.40 and book value to Rs 21 per share: With turnover expected to cross Rs 35 crore in 1993-94, the company has once again diversified its operations by setting up an edible oil refinery with an installed capacity of 13,000 tonnes per annum at Alwar in Rajasthan. The project has already commenced commercial production and the product, 'Atul' refined oil, has been well received in the market. The company plans to launch the product in small packs very soon. To finance the project, the company has planned a Rs 2.63 crore rights issue of equity shares to be offered in the ratio of two shares for every one held. The issue has been cleared by SEBI and is slated to open on October ll.

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