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SICOM swings back to profit in 18 months

Mumbai, April 12: The State Industrial Investment Corporation of Maharashtra (SICOM) has scripted a remarkable comeback story with the key financial ratios of the company bouncing back to black along with an improvement in business while its stressed assets declined substantially leading to overall profitability. The company has achieved the comeback by successfully tackling bad loans, which once blotted its books, along with overall cost reduction practices and strict financial control and liquidity management. ....

Nitinb Jawale , Industrial Investment Corporation Of Maharashtra , Supreme Industries , Bajaj Auto , State Industrial Investment Corporation , Managing Director , Capital To Risk Weighted Assets , Capital Adequacy Ratio , Leverage Ratio , State Public Sector Units , Reserve Bank , Prompt Corrective Action , Systemically Important , Future Group , Lupin Laboratories , Jindal Iron , State Public Sector Undertakings , Sicom Swings Back To Profit In 18 Months ,

SICOM swings back to profit in 18 months

Mumbai (Maharashtra) [India], April 12 (ANI/PRNewswire): The State Industrial Investment Corporation of Maharashtra (SICOM) has scripted a remarkable comeback story with the key financial ratios of the company bouncing back to black along with an improvement in business while its stressed assets declined substantially leading to overall profitability ....

Nitinb Jawale , Bajaj Auto , Supreme Industries , Industrial Investment Corporation Of Maharashtra , State Industrial Investment Corporation , Managing Director , Capital To Risk Weighted Assets , Capital Adequacy Ratio , Leverage Ratio , State Public Sector Units , Reserve Bank , Prompt Corrective Action , Systemically Important , Future Group , Lupin Laboratories , Jindal Iron , State Public Sector Undertakings , Ews India ,