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

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Promising New Lines

Promising New Lines Hansavivek LARSEN AND TOUBRO was able to achieve substantial increases last year in sales, order bookings, production and profits over the previous year, which in itself was a record year. This achievement looks all the more pleasing when viewed against the background of erratic supplies of industrial raw materials and power shortages in most parts of the country, which made production planning extremely difficult. The chairman, Holck-Larsen, attributes this success to the company's association with the core and priority industries of the country. He says that the long-term outlook for the company's products continues to be strong and feels confident that in the years ahead the company will bo able to maintain its present rate of growth. His optimism seems to be well-founded, for the company has in hand major lines of expansion, which should lead to a substantial increase in turnover and profit and generate funds for further investment. Meanwhile, L and T's project to manufacture hydraulic excavators at Bangalore, in col- laboraion with Poclain of France, is making rapid progress. The first indigenously manufactured excavator is expected to roll out of the factory towards the end of 1975. Large orders received for the supply of machinery for the cement industry are already under execution and within the next 20 months the company will be supplying the main machinery for five cement plants, which will increase the country's capacity to produce cement by over 18 lakh tonnes. The company has completed the supply of a plant to produce sulphuric acid by using waste acid. This is the first time in India that sulphuric acid will be ' produced by using waste acid. Another new line the company has entered is the manu facture of packaging machines, developed indigenously, for use in packaging of both industrial and consumer products. As a result of research and development efforts, a multi-purpose rotary drying system has been designed and fabricated and is being operated for testing the drying properties of various materials sent by customers. These tests wilt enable the company to design full-scale industrial drying units with performance guarantees. The research work in the field of switchgear and electronic controls is being co-ordinated with the research centre of Hindustan Brown Boveri, GODFREY PHILLIPS INDIA has received government permission to make a bonus issue on a one-for-one basis. It has also been allowed to make a 'rights' issue to the existing shareholders and offer new shares to the public, so that foreign participation in the company would be diluted to 49 per cent. Accordingly, the company has finalised its proposal to increase its ca- The Week's Companies

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