In the Wrong Place

In the Wrong Place Kumaran Pola RAASI CEMENT had yet another year of losses during the 15-month period ended March 31, 1990. This was despite the fact that production and sales increased by 47 per cent and 56 per cent respectively. The company produced 10.81 lakh tonnes of cement showing an average production of 0.72 lakh tonnes per month during the period compared to 8.86 lakh tonnes or 0.49 lakh tonnes per month during the 18-month preceding period. Net sales of the company showed a growth of 56 per cent on annualised basis from Rs 65.31 crore to Rs 84.92 crore. This involved a sale of 10.83 lakh tonnes of cement during 1989-90 as against 8.54 lakh tonnes during the preceding period.