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

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EXCEL INDUSTRIES-New Joint Venture

(Rs lakh) to its other group companies like Tidewater Oil Company, and Dishergarh Power Supply Company. EXCEL INDUSTRIES New Joint Venture Excel Industries, the Mumbai based agrochemicals major, closed the year ended March 1995 with a sales turnover of Rs 251 crore, up by 12 per cent from Rs 225 crore recorded in the previous year. Other income moved up by 22 per cent. Total income for the year under review moved up by 7 per cent. Interest costs saw a rise of 3 per cent. Provision for depreciation and tax moved up by 11 percent and 8 percent, respectively. The company ended up with a net profit of Rs 25 crore, up by 8 per cent from Rs 23 crore recorded in the previous year. The dividend of 70 per cent was supplemented by a bonus issue of 1:2.

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