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

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A Mixed Performance

A Mixed Performance Hansavivek DCM has shown improved results for 1983-84 with a higher gross profit of Rs 17.23 crore against Rs 12.75 crore in the previous year, following an increase in turnover from Rs 431.96 crore to Rs 473.67 crore. These figures also reflect enhanced margins. The textile industry continues to be in a crisis situation. In spite of the constraints, three out of the five textile units of the company registered some improvement: Hindon River Mills, Delhi Cloth Mills and DCM Silk Mills. The Swatan- tra Bharat Mills unit was affected by continued labour disturbance and indiscipline, and, increased costs. A new company has been floated to which the unit is proposed to be transferred as a going concern so as to tackle its problems after approval of the financial institutions is obtained.

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