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

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SBICAP-New Schemes

(Rs 3.81 crore). The unchanged total dividend of 20 per cent was covered 3,98 times against 5.65 times previously. Sales were lower due to lower exports of marine products and psyllium husk. During the first nine months of the year, agrochemical business was affected by severe drought in the country. Late monsoons revived the company's sales towards the end of the year. The realisation per unit, however, declined on account of stiff competition. The company commissioned its new pesticides formulation expansion plant at Ankleshwar in Gujarat in July 1987. The chemical plant for manufacture of Butachlor, a herbicide, is being expanded and is likely to be commissioned during 1989. The company repaid the term loans granted by GHC and Citibank.

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