Tuesday, June 30, 1998
GKW records a net loss of Rs 25.37 crore, skips dividend
GKW Ltd has reported negative growth in sales and profitability for the year ended March 31, 1998. It posted a net loss of Rs 25.37 crore, the highest in the last decade, on lower sales of Rs 239.10 crore. In 1996-97, sales and net profit were Rs 312.22 crore and Rs 4.80 crore respectively.
Godrej Soaps net nosedives 66% to Rs 8 crore
Godrej Soaps Ltd has reported a 66% drop in net profit to Rs 8.53 crore for the year ended March 1998, against Rs 25.05 crore in the previous year. The drop is net profit is mainly because of a fall in the extraordinary income to Rs 6.3 crore from Rs 43.76 crore last year.
IDBI-ICICI wrangle may hit RSEB power plans
A Face-off has erupted between the Industrial Development Bank of India (IDBI) and Industrial Credit and Investment Corporation of India (ICICI), lead institutions for the IPPs -- RPG Dholpur and Chambal Power -- on the issue of lien to an escrow account.
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