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

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GARDEN SILK MILLS-Turbulent Times

EPW Research Foundation STERLITE INDUSTRIES Buoyant Future THE largest private sector player in the jelly- filled telephone cables sector, Sterlite Industries, improved its performance considerably during 1995-96. The company's net sales has shot up by 62.6 per cent and value of production has risen by 63.3 per cent over the previous year, 1994-95. Not a small part of this increase was due to the merger of another group company. Sterlite Communications (with effect from April 1, 1996). Though there was a increase in operating expenses, operating profit climbed by 33.5 per cent. The effect of a sharp rise in depreciation charges (up 15.8 per cent) was somewhat nullified by the fall in interest charges (down 6.6 per cent) and tax provision (down 66.7 per cent) over the previous yean Consequently, the company was able to post a 22 per cent increase in its bot- tomline.

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