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

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GUJARAT ALKALIES AND CHEMICALS-Expansion and Diversification

before tax declined by 21.2 per cent and 33.7 per cent respectively. Higher interest costs on large investments made in new products was stated to be responsible for the fall in profits. Reflecting the fall in profits, the expenses to sales ratio increased

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