Good Sales, Better Orders

Good Sales, Better Orders from 1.59 in the preceding year. The issue of fully convertible debentures (series IV) aggregating Rs 820 crore during the year which the company allotted to nearly one million investors brought about the change in the capital structure of the company. The current ratio of the company worked out higher at 1.90 in 1989-90 as against 1.79 in 1988-89. Noticeable increases in inventories and sundry deb- tors contributed to a higher current ratio