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May 2011

Ramco Industries Ltd. (31-3-2010)

By Himanshu V. Kishnadwala Chartered Accountant
Reading Time 1 mins
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From Notes to Accounts:

Consequent to the decision to exit Plastic Storage Tanks business, the difference between estimated resale value of assets of this division an value reflected in the books has been accounted towards impairment loss in terms of AS-28.

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