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BUSINESS LINE: FIs reduce rates for Shree Cement.
Shree Cement Ltd has obtained reduction in the interest rates from 19% to 16.5% on the outstanding project loans for Jul 1999-Jun 2000 from the financial institutions (FIs).
Shree Cement raised Rup 550 M from FIs in 1999-2000 to meet the growing working capital needs and expenditure.
The company registered a 163% increase in net profit at Rup 153.4 M on a turnover of Rup 4838.7 M for the year ended …
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