KREBS STEPS ON THE GAS

Article Abstract:

Krebs Biochemicals, an anti-asthmatic bulk drugs producer, is trying to increase its growth rate by raising its ephedrine production capacity to 300 tonnes and by starting the processing of erythromycin thiocynate. Kreb's product portfolio and market share is expected to increase following the production of erythromycin. Its success is expected to depend on exports as it derives about 70 percent of its sales from exports to the global markets. The first quarter results of Kreb reveal that the company is in the growth path. During April-June 1998, it posted a 26 percent rise in its turnover to Rs9.1 crore (Rs7.2 crore during April-June 1996). During this period, the net profit grew by 30 percent to Rs3.4 crore (Rs2.65 crore) while the annualised earnings per share grew to Rs30 per share. (ag)

Comment:

Tries to raise growth rate by raising ephedrine prodn capacity to 300 tonnes & by starting processing of erythromycin thiocynate

Facilities & equipment, Medicinal and Botanical Manufacturing, Bulk Respiratory Drugs, Respiratory system agents, Bulk drugs, Article, Krebs Biochemicals

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AP POWER SECTOR TO GET $1-BILLION WORLD BANK LOAN

Article Abstract:

World Bank is likely to clear a loan of $1 billion (Rs4,200 crore) for the power sector in Andhra Pradesh. United States had earlier stopped the World Bank from clearing loans to India following nuclear blasts. Andhra Pradesh Government has taken up power sector reforms and rationalisation of tariffs. Andhra Pradesh State Electricity Board is likely to be split into separate companies for generation, transmission and distribution activities. The State Government plans to set up a State Electricity Regulatory Commission also. (rk)

Comment:

World Bank is likely to clear a loan of $1 billion (Rs4,200 crore) for the power sector in Andhra Pradesh.

Receipt of funds, Electric Power Generating, Electric Power Generation

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