BIRD GROUP OF COMPANIES SHOW GROWTH

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The Bird Group of Companies under the Ministry of Steel have registered a sales turnover of Rs. 30.94 crore during the first quarter of this fiscal against Rs. 16.17 crore during the corresponding period last year with an increase of about 90 per cent. During the period the group achieved a gross margin of Rs. 13.03 crore against Rs. 1.90 crore during the same period last year. The net loss of the group during this period has been reduced to 3.06 crore.

The outstanding performance of Orissa Mining Development Corporation (OMDC) has mainly contributed to the improved performance of the group. The company during the first quarter achieved a sales turnover of Rs. 25.28 crore and a net profit of Rs. 10.06 crore. The company sustained a net loss of Rs. 17 lakh during the corresponding period last year.

The other companies of the group are Bisra Stone Lime Co. Ltd. (BSLC), Karanpura Development Com. Ltd. (KDCL), Scott and Saxby Ltd. (SSL), Eastern Investments Ltd. (EIL), Burrakur Coal Co. Ltd. (Burrakur) and Borrea Coal Co. Ltd.