MADRAS ALUMINIUM
Article Abstract:
Madras Aluminium Company Ltd (Malco), a Sterlite group company posted a net profit of Rs29.46 crore on sales of Rs110 crore for the half year ended December 1998. Its earnings per share stands at Rs13.09. Malco is likely to set up a 75 mw coal based captive power plant which will boost its profit margins. It also plans to modernise its smelter to global standards. Currently it is operating at a capacity utilisation of over 100 percent. Its debt equity ratio is at 0.80 and the company has made inadequate provision for interest. Its total loans amounted to Rs71.40 crore as on June 1998. Its interest provision for the half year ended December 1998 amounted to Rs53 lakh. (tsm)(vr)
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1999
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LITTLE RESPITE SEEN
Article Abstract:
Domestic producers of aluminium like Nalco and Hindalco have been affected by the declining global aluminium prices and the slow growth in offtake. It is anticipated that the demand for aluminium may be less than 4 percent in 1998-99. The global prices of aluminium have fallen to $1200 per tonne in 1998-99 from $1600 per tonne in 1997-98. This has forced domestic producers to reduce their prices and offer discounts on their products. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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