Thursday, May 27, 1999
Novartis net profit zooms 95 per cent to Rs 74.7 cr
The board of directors of Novartis India Ltd has recorded a 95% rise in its net profit to Rs 74.7 crore for the year ended March 31, 1999, compared with Rs 38.3 crore in the previous fiscal.
Tata Chemicals net slumps 37% to Rs 181.67 cr; dividend cut to Rs 5
Tata Chemicals Ltd has reported a 37% slump in net profit to Rs 181.67 crore in the year ended March 1999, as against Rs 288.63 crore last year.
New plant to improve IOC's refining yield
Indian Oil Corporation (IOC) has commissioned its six-million tonnes Panipat grassroot refinery at Haryana. The new refinery will improve IOC's refining yield considerably. Currently, the yield is rated at 70%.
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