ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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which undertook a major re-structuring, achieved a turnaround during the year. Though this was achieved through reduction in inventories at the cost of sales (sale of tablets and capsules was lower at 6,803 lakh nos as against 7,081 lakh nos sold last year), profitability improved, thus paving the way for further drastic action to ensure long-term viability. The fine chemicals division maintained sale of imported materials while improving its gelatine operations. The company has undertaken an expansion programme for increasing the gelatine facility's capacity by 60 per cent in order to meet the rising domestic demand and to enter the export markets. Further progress has been made on the vegetable tanning project which is based on indigenous technology sponsored by the company at the Central Leather Institute. The results of the test- market of the vegetable tanning extract, an environment-friendly product, have reportedly been encouraging.

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