Birla Vxl Net Sales Up 31%

Sales went up to Rs 266 crore (Rs 230 crore) during the first half of the current year. Though its interest burden increased to Rs 31.69 crore (Rs 20.83 crore) during the first half of1996, the company's gross profits increased to Rs 32 crore (Rs 22.59 crore).

After providing for depreciation of Rs 14.81 crore (Rs 9.51 crore), the company's net rose to Rs 31.42 crore.

As part of its ongoing expansion programme the company is installing 16 Dornier\Picanol looms and 12,232 worsted spindles at its OCM unit. The company has also received approvals from the government of India for its proposed joint venture with Dormeuil, the release added.