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last activity : 07 06 2010 20:18:04 +0000
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Tata Steel
Ltd posted a consolidated quarterly net profit against market
expectations of posting loss. Tata Steel reported a net profit of Rs8.14bn in October-December, compared to a consolidated net profit after minority interest and share of profit of associates of Rs14.16bn reported a year ago. Consolidated net sales for October-December rose to Rs331.91bn from Rs318.99bn reported a year earlier.
MphasiS
Group's revenue increased by 58.1% to Rs9.77bn for the quarter
ended 31 January 2009 from Rs6.18bn for the corresponding quarter in the previous year. Operating profit during the quarter ended 31 January 2009 was Rs2.10bn, a growth of 246.6% as compared to operating profit of Rs608mn in the same period a year ago.
Power Grid
Corporation of India has announced that its board of directors at
its meeting held on Feb 24, 2009, has granted investment approval for implementation of `North East - Northern / Western Inter connector-I` Project at an estimated cost of Rs 111.30 billion with commissioning schedule of 54 months for Part A (related to HVDC) and 48 months for part B and C (related to AC) of the transmission system, from the date of investment approval.
Bharat Heavy
Electricals Ltd. (BHEL) is in talks with the Rajasthan
government for supplying equipment for thermal power plants of 2,500-3,000 megawatt capacity, according to a report.
Gujarat Gas
Company Limited has reported results for the fourth quarter
ended 31st December 2008. The net sales for the quarter were Rs3204mn, compared to Rs3377mn in the previous year. The net profit stood at Rs325mn compared to Rs395mn in the corresponding quarter in the previous year.

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