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Topic : Media Sales
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By : Rahul Pawar, Head/VP/GM-Marketing, Unicon Investment Solution
Industry : Equity Research/Analytics Functional Area : India
Keywords :

market news

Activity:  0 comments  489 views  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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