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

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LLOYDS STEEL INDUSTRIES-Backward Integration

EPW Research Foundation CENTURY TEXTILES Thrust on Exports CENTURY TEXTILES AND INDUSTRIES, a BK Birla group company, with diversified interests in textiles, rayon, tyrecord, chemicals, shipping, cement and paper and pulp, has posted a 17 per cent increase in turnover, from Rs 1,182 crore to Rs 1,386 for the financial year ended March 1995. Other income has risen from Rs 50 crore to Rs 70 crore, a rise of 39 per cent. Gross profit has risen by 19.8 per cent but a faster rise of around 56 per cent has been recorded in net profit as a result of a very small tax provision and lower growth in depreciation. The directors have proposed a dividend of 55 per cent against 47 per cent for the previous year.

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