Tuesday, February 15, 2011

Corporate News Updates 15-Feb

Net profit of Software Technology Group International rose 200.00% to Rs 0.03 crore in the quarter ended December 2010 as against Rs 0.01 crore during the previous quarter ended December 2009. Sales declined 19.05% to Rs 1.02 crore in the quarter ended December 2010 as against Rs 1.26 crore during the previous quarter ended December 2009.

Net profit of Emami Paper Mills rose 1662.50% to Rs 2.82 crore in the quarter ended December 2010 as against Rs 0.16 crore during the previous quarter ended December 2009. Sales rose 8.93% to Rs 102.26 crore in thequarter ended December 2010 as against Rs 93.88 crore during the previous quarter ended December 2009.

Net profit of Su-Raj Diamonds & Jewellery rose 113.30% to Rs 29.99 crore in the quarter ended December 2010 as against Rs 14.06 crore during the previous quarter ended December 2009. Sales rose 34.19% to Rs 982.24 crore in the quarter ended December 2010 as against Rs 731.99 crore during the previous quarter ended December 2009.

State-owned Bharat Heavy Electricals (BHEL) today said it has bagged an $436 million (about Rs 2,000 crore) contract for setting up a gas-based power project in Yemen.

Anil Ambani-led Reliance Infrastructure (R-Infra) today said it would buy back Rs 1,000 crore worth of shares at a price of Rs 725 a piece.

Tata Group firms HV Transmissions and HV Axles today said they plan to merge into single entity -- TML Drivelines -- in order to become a total driveline solutions provider. The boards of HV Transmissions (HVTL) and HV Axles (HVAL) have decided to amalgamate HVTL into HVAL to harness synergies and make the two entities a total driveline solutions provider, backed with appropriate skills and expertise, the two firms said in a joint statement.

Engineering major Larsen & Toubro today said it has received a Rs 1,100 crore order from Gujarat State Electricity Corporation (GSECL) to set up a 375-MW gas-based power plant at Dhuvaran, near Baroda.

Engineering and construction firm Unity Infraprojects has emerged as the lowest bidder for 4 projects of about Rs 300 crore and expects them to be awarded in a month.

Tags: Corporate News, Corporate Updates, BSE/NSE Movers

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