Tungabhadra Industries

TUNGABHADRA INDUSTRIES step-ped up its turnover from Rs 41.87 crore to Rs 48.38 crore in 1980-81, but earned a gross profit of Rs 89 lakh agaiast Rs 88 lakh in the previous year. With saving in taxation, however, met profit amounted to Rs 41 lakh (Rs 25 lakh), Dividend has been raised by a point to 16 per cent which is covered 3.33 times against 2.18 times previously.