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

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MUKUND-Shift to High-Value Items

crore against a net loss of Rs 3.89 crore. Dividend is being passed over for the third consecutive year. Raw material position, especially bamboo, continues to cause concern. The AP government had allotted only 25 per cent at the fag end of the year and balance allotment was made only in May 1989. Steps have been taken during the year to arrange alternative supplies at higher cost to keep the operations on. As a long-term policy, the company is contemplating various measures to ensure uninterrupted supply of raw materials by arranging supplies by tying up additional sources of supply, also by bringing about a change in technology whereby the consumption of the scarce raw material is effectively reduced. The power-cut in force during the period as well as wide fluctuation in the supply have adversely affected the operations of the company. Over and above the two DG sets of 1,000 KVA each already installed dur ing 1987-88, further orders have been placed for two DG sets of 1,000 KVA each during the year and the sets have been commissioned. Furthermore, as a measure of ensuring peak level production and also as an energy saving device, the company has decided to go in for a 10 MW double extraction condenser. When this unit is commissioned, the company will not have any power problem to fully utilise the present installed capacity. The market turned buoyant from the last quarter of 1988. The directors expect this momentum to be sustained in the years to come. It is proposed to enlarge the product range so as to cover Tetrapack and MICR paper. Directors predict that the current year will turn out to be quite favourable and also envisage modernisation and upgradation of technology. The company obtained a letter of intent for the manufacture of caustic soda/chlorine of 30 tonnes a day capacity to be located in the existing mills'premises, primarily for captive consumption.

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