AHMEDABAD ELECTRICITY COMPANY-New High

Improved Sales Abroad OTIS ELEVATOR COMPANY (India) reported a marginal decline in net sales by 2 per cent (annualised) to Rs 54,45 crore during the year ended March 31,1990. Stagnant conditions in the construction industry and the agitation by the workmen in the Kan- divli factory and the regional offices were, according to the directors, the factors behind the subdued performance. However, the company raised its exports by 77 per cent (annualised) to Rs 1.88 crore and its other income by 33 per cent (annualised) to Rs 1.48 crore.