Indian Rayon announces 16 percent rise in sales for 2nd quarter

Mumbai, Maharashtra, India — Indian Rayon, a major Aditya Birla Group Company, has reported a turnover of Rs. 485.08 Crores for the quarter ended 30th June 2005, a growth of 16.6% vis-à-vis Rs. 416.12 Crores achieved in the corresponding quarter of the previous year. While all businesses registered a good growth, Garments and Insulators have been the major contributors.

The company said, “The Rayon Division’s revenues at Rs. 86.81 Crores rose 15.3% compared to Rs. 75.31 Crores in the corresponding quarter of the previous year….

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