AV BIRLA BIGGIES REVERSE TREND

Article Abstract:

The bigger companies of the AV Birla group have recorded better performance during 1997-98, despite facing problems. Five big companies of the group posted an annual sales of over Rs100 crore, with Grasim Industries recording a 13 percent increase. Hindalco, another group company, posted a 27 percent rise in its net profit. (ag) ------------------------------------------------------------ Financial results of some of the AV Birla group companies (Rs in crore) ------------------------------------------------------------ Companies Net sales Net profit 1997-98 1996-97 1997-98 1996-97 ------------------------------------------------------------ Grasim Industries 3,499.80 3,088.90 230.80 274.60 ------------------------------------------------------------ Indian Rayon 1,584.70 1,412.60 212.50 214.80 ------------------------------------------------------------ Hindalco 1,473.30 1,157.10 496.20 391.00 ------------------------------------------------------------ Mangalore Refinery 1,354.30 1,159.50 28.40 90.50 ------------------------------------------------------------ Indo-Gulf Fertiliser 639.90 473.00 141.00 108.00 ------------------------------------------------------------ Eastern Spinning 130.50 114.00 0.60 -5.25 ------------------------------------------------------------ Tanfac Industries 56.70 55.20 6.00 4.70 ------------------------------------------------------------ Bihar Caustic 55.90 62.60 2.90 9.70 ------------------------------------------------------------ Hindusthan Gas 54.20 65.80 2.00 0.50 ------------------------------------------------------------ Kerala Spinners 24.30 27.40 0.20 N ------------------------------------------------------------ N: Negligible ------------------------------------------------------------

Comment:

Posts net profit of Rs212.50 crore in 1997-98, down compared to Rs214.80 crore in 1996-97

Sales, profits & dividends, Iron and Steel Mills, Cellulosic Organic Fiber Manufacturing, Blast Furnaces & Steel Mills, Rayon Fibers, Rayon, Grasim Industries Ltd., Indian Rayon Corporation Ltd.

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BIRLA 3M LAUNCHES INNOVATIVE BUSINESS TOOL

Article Abstract:

A 3M-Innovation Centre is being set up at the Electronics City in Bangalore by Birla 3M. The centre will help show the customers how to use 3M's products and technologies. It will use its strength in technology, products, people and values to solve the problems of the customer. It will also be working with the marketing and sales team for studying the needs of the customers on a regular basis. It will be re-designing the product to meet needs of the customer. (ag)

Comment:

Sets up 3M-Innovation Center at Electronics City in Bangalore to show customers how to use 3M's products and technologies

Diversified Companies, Facilities & equipment, Birla 3M Ltd.

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