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

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Gujarat Ambuja Cements, Usha (India), Morarjee Goculdas Spg

GUJARAT AMBUJA CEMENTS Ambitious Expansion Plan GUJARAT AMBUJA CEMENTS, the fastest growing cement company in the country until recently, saw its bottomline decline by 1.5 per cent in 1997-98. The slow-down in the economy and the resultant pressure on the cement industry seem to have taken their toll of the company

Hindustan Development Corporation, Mahavir Spinning Mills, Vardhaman Spinning, Godrej-GE Appliances

HINDUSTAN DEVELOPMENT CORPORATION Fall in Sales THE recession in the steel industry and the unsatisfactory economic scenario in general affected the performance of Hindustan Development Corporation (HDC) drastically in 1997-98. While net sales declined by 7 per cent over the previous year, operating profit fell by 27.5 per cent over the same period. Despite a fall in interest charges (down 7.3 per cent) the company

Kanoria Chemicals, Kalyani Steels, IVP

KANORIA CHEMICALS Excess Capacity CALCUTTA-BASED Kanoria Chemicals is engaged in the manufacture of organic and inorganic chemicals and pesticides, which include caustic soda (also byproducts liquid chlorine and hydrochloric acid), pentaerythritol, lindane, stable bleaching powder, formaldehyde and others. Apart from this, it is also engaged in power generation at Renukoot. With a view to concentrating on its core business, the company has transferred its textiles division to another group company called Nav-Jyoti Investment and Dealers, which is now primarily engaged in the manufacture and export of fabrics.

Atlas Cycles, Berger Paints, Madras Refineries

ATLAS CYCLES Indigenous Development INCORPORATED in 1950, Atlas Cycles manufactured its first bicycle in 1952. From an initial capacity to manufacture 120 bicycles per day, the company achieved an annual production of 24,52,464 in 1997-98. This phenomenal growth was made possible through continuous capacity expansion and backward integration programmes. Boasting of an excellent infrastructure base, the company has manufacturing facilities at Sonepat, Rasoi, Sahibabad, near Delhi, and Gurgaon. Today the company has a total installed capacity to manufacture 33,40,000 bicycles per annum. In addition it also manufactures accessories at Sonepat and bicycle frames, forks and other steel tubes at Gurgaon which are captively consumed as well as sold in the domestic and export markets.

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