ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NEW DELHI-Everything as It Was

October 16, 1971 year. Reviewing the working of the past year ended March 1971, Kirloskar says that, although the company was able to record a substantial increase in its operations, the increase was not fully matched by a corresponding increase in profits. Higher raw material costs and import duties and a larger outlay on octroi and dearer finance eroded margins. Conditions in some of the com- pressed air products were competitive. Manufacture of new products such as transmission equipment for railways, centrifugal refrigerating machines, and large capacity air compressors, undertaken last year, involved considerable expenditure in the initial stages.

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