PIL-Lower Margins

naphtha price was raised by the government from Rs 4,951 per tonne to Rs 6,745 per tonne in September 1992 and the basic rate for electricity was revised upwards from Rs 1,730 per MWH to Rs 2,120 per MWH from June 1992. The increased costs were partly recovered through selective increases in selling prices. Sales of petrochemicals thus amounted to Rs 644 crore against Rs 603 crore for 1991-92, while those of agrochemicais were just about the same at Rs 104 crore as against Rs 105 crore in the previous year. Margins shrank, but with a saving in tax from Rs 3,435 lakh provided in the previous year to Rs 2,260 lakh, profit after tax showed a small increase from Rs 3,214 lakh at Rs 3,260 lakh. EPS made the impressive figure of Rs 90.55 of which 4417 per cent was paid out as dividend.