ajai@persian.fx.com (Ajai Banerji) (04/11/91)
Industry News
>From Times of India
The larger computer manufacturers in India does not seem to be doing well. The
largest company HCL reported sharply reduced profits in the current
financial year. Industry sources also expressed concern about low sales
in the Jan-Mar quarter which is the normal peak period for purchases of capital goods like computers. The government is likely to close down Vayudoot
because of heavy losses.
However this decision will be taken after the new government comes to power.
A new caprolactum plant was inagurated by the PM recently at Udyogmandal
near Cochin. This is one of the largest chemical projects to be commissioned
recently, and will substantially increase India's nylon production capacity.
A new express train between Bombay VT and Varanasi will start running daily
in a few days.
Electrification of the Itarsi-Nagpur section will be completed by the end
of April. This will complete the electrification of the Delhi-Madras trunk
route. Electrification of the Itarsi-Bhusaval section will be completed in
1991-92, and Bina-Katni in 1992-93. The Diva-Panvel section near Bombay
will be electrified by December
Ajai Banerjee
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Edited by Surekha Reddy Gaddam.
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