is no more a shortage of glycerine, either in the domestic or in the inter- national market. Production of nickel catalyst was in line with demand, but that of fine chemicals expanded both in volume and range, A notable achievement was the commissioning of linalool production for which a special technology has been developed at the research and development centre. The company's export turnover amounted to Rs 14.94 crores, of which one new item alone, whose process of manufacture is based on own research and development, accounted for Rs 4.05 crores. The value of imported raw materials and spare parts and components used aggregated Rs 12.98 crores, expenditure in foreign currency on 'other matters' amounted to Rs 5 lakhs and dividend remittance Rs 71 lakhs.
