Supreme Plans $7.5 M Ecb

The Rs 406.15 crore Supreme Industries plans to invest additional sum of Rs 30 crore during 1996-97 for its ongoing modernisation thereby increasing its installed capacities and product range. The company has already spent Rs 36.66 crore for the year ended June 1996 to modernise and expand its units.

For the year ended June 30, 1996, the company has made a gross profit of Rs 32.32 crore as against Rs 30.89 crore in the previous year.