ADDING VALUE TO STAY AHEAD

Article Abstract:

Maral Overseas Ltd (MOL) is a fully integrated cotton unit. Its product portfolio includes yarn, fabric and knitwear. MOL of the Bhilwara group began operations as a 100 percent export oriented unit (EoU) producing combed cotton yarn. This was exported to end- user knitters. It ventured into high value-added products such as knitted fabrics. About 70 percent of MOL's exports are to the US, France and Germany. MOL has implemented a Rs63 crore capital expenditure plan to expand spindleage to 54,528 spindles. It has added five knitting machines and a 4.2 mega watt diesel generating set. Of the 18.86 crore equity of MOL, promoters hold 47 percent and the public 33 percent. For 1998-99, MOL is expected to achieve sales of Rs200 crore and a net profit of Rs19 crore. Yarn exports are estimated to reach Rs107 crore, fabric Rs18 crore and knitwear Rs50 crore. During 1999-2000, MOL plans to focus on knitted dyed and processed fabrics. (uh)(m)

Expanded capacity, plant expansion, Fiber, Yarn, and Thread Mills, Yarn & Thread Mills, Textile factories, Maral Overseas Ltd.

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TITAN CLOCKS 57.5% RISE

Article Abstract:

Titan Industries Ltd has increased its net profit by 57.5 percent to Rs1.37 crore for the third quarter ended December 31, 1998 compared to Rs0.87 crore in the third quarter of 1997-98. Sales have declined to Rs105.85 crore from Rs112.37 crore while total expenditure has fallen to Rs85 crore from Rs94 crore. The company's interest charges were higher at Rs13.82 crore in the quarter ended December 31, 1998 against Rs12.78 crore in the quarter ended December 31, 1997. It has posted a net profit of Rs9.08 crore on sales of Rs311.36 crore in the nine months ended December 1998 against a net profit of Rs7.48 crore on sales of Rs296.9 crore in the nine months ended December 1997. The company's domestic watch sales volumes increased by 14 percent to 28.93 lakh pieces in the nine months ended December 1998 against 25.44 lakh pieces in the nine months ended December 1997. (khr)

Sales, profits & dividends, Conveyor and Conveying Equipment Manufacturing, Conveyors & Parts, Conveyors, Titan Industries Ltd.

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