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

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NAGARJUNA FERTILISERS-Rise in Sales

NAGARJUNA FERTILISERS-Rise in Sales

EPW Research Foundation PROMOTED by Shaw Wallace in 1976, Nagarjuna Fertilisers and Chemicals was taken over by the Andhra Pradesh government and handed over to the Nagarjuna group in 1985. The company is engaged in the manufacture of ammonia and urea. It closed the financial year ended March 1995 with a sales turnover of Rs 843 crore, up by 20 per cent from Rs 607 crore in the previous year. Other income rose from Rs 3 crore to Rs 20 crore, a result of increase in dividend and interest earnings. These increases were reflected in the total income of the company which went up by 51 per cent, from Rs 616 crore to Rs 928 crore. On the expenditure side, there was an increase in manufacturing expenses as also in remuneration to employees. Interest costs came down by 8 per cent. A slight increase in the provision for depreciation and a zero tax provision saw the company end up with a net profit of Rs 193 crore, up by 51 per cent from Rs 129 crore in the previous year. A dividend of 18 per cent has been recommended by the directors, against 15 per cent last year.

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