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These problems have affected the performance of nine granite companies that witnessed a fall of 5.3 per cent in sales income to Rs 66 crore (Rs 70 crore) in the year to March 1997. Their operating profit declined by 30.3 per cent to Rs 14 crore (Rs 20 crore). Inlac Granston and Nova Granite (India) made losses at their operating levels.
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Granite is the export commodity in India due to high pricing and yes the mining is profitable but it depends whether you are purchasing running mining or its new mining. In case of new mines, you have to take lots of NOCs which are very difficult ...
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