The newly commissioned Retarder Plant performed on target. Consequent to this transfer , ICI India received a sum of Rs. The above financial results incorporate the operations of the Explosives business upto and including 28 September 1999. Our compliance programme is on schedule and we do not anticipate any disruption due to the millennium change . The company is actively pursuing with suppliers of infrastructure and financial facilities on their achieving Y2k compliance .
Contingency plans are in place for critical areas of business operations.
4.The results have been adopted by the Board of Directors on October 27, 1999.