Accent on Expansion

ventures undertaken during the year. The total project cost of the 56 companies which approached the capital market in 1967-68 amounted to Rs 204 crores which is an increase of 38 per cent over the previous year. Existing companies accounted for a project cost of Rs 172 crores, and new companies of Rs 31 crores. Plant and machinery constituted as much as 65 per cent of the total project cost indicating that most of the projects were in the nature of modernisation and installation of additional balancing equipment.