The Financial Express -- News

Saturday, June 28 1997

Industrial growth slumps to 6.9%

The industrial growth rate declined sharply in 1996-97 to 6.7% as against 11.9% last year. The latest index of industrial production (IIP) estimates show that electricity and mining sectors grew by 3.8% and 1.2% respectively compared to a growth of 8.1% and 7.4% in 1995-96.

Infrastructure Bond Issue

Punjab Tractors bucks trend, net up 47% to Rs 56 crore

Punjab Tractors (PTL) has reported a net profit of Rs 56.31 crore for the year ended March 31, 1997, a jump of 47% over the previous year's figure of Rs 38.22 crore. The company board has recommended a dividend of Rs 8 per share.

Central Bank posts Rs 151 crore net

Central Bank of India has posted a net profit of Rs 150.83 crore for the fiscal 1996-97 after being in the red for the last 4 years. The bank's net profit has been largely boosted by a write back of excess depreciation on account of government securities to the extent of Rs 77 crore.

UTI may retain dividend on US-64 at 20%

SEBI-registered FIIs figure touches 453