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

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PUNJAB TRACTORS-Beating the Market

EPW Research Foundation BEGINNING with ammonia and fertilisers, Gujarat Narmada Fertiliser Company (GNFC) has added a series of downstream industrial chemicals to its product portfolio. GNFC saw a mixed performance in 1996-97. While net sales and value of production rose by 53.7 per cent and 53.2 per cent, respectively, the company's operating profit increased by a mere 5 per cent over the same period. The company claims that this was mainly due to the 30 per cent increase in the price of petroleum products with effect from

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