PRIYADARSHINI SPINNING MILLS-High Input Costs

tonnes of oilseeds and oilcake as against 1,07,687 tonnes in the previous year.
Currently Prestige Foods is implementing a forward integration programme by setting up a 100 tonnes per day vanaspati plant at Dhar in Pithampur district, Madhya Pradesh, which is to protect it to a certain extent from the fluctuations in the oil market, since 50 per cent of the oil output will be consumed in the project. There is to be 10-year sales tax benefit, in addition to incentives, as the project is located in a classified backward area. The Rs 20 crore project, to commence production in April 1993, is to be financed entirely with a 1:1 rights issue at a premium of Rs 40 per share.