The Hindu Business Line : Saturday, October 29, 2005

Manali Petro to set up two biomass-based power plants
MANALI Petrochemicals Ltd plans to put up two biomass-fired power plants of 2.5 MW capacity each, one at each of its plants in Manali, near Chennai. The Managing Director of the company, Mr G. Ramachandran, told Business Line today that ... More

M&M Financial plans IPO through book-building route
MAHINDRA & Mahindra Financial Services Ltd (MMFSL) informed the BSE that it would be coming out with an IPO, a combination of fresh equity issue and dilution by existing shareholders, at a price to be determined through the book-building ... More

Shakti Pumps bags orders worth $1 m from Spain
SHAKTI Pumps (India) Ltd has informed the BSE that it has received orders worth $1 million from Spain for submersible pumps. The order would be executed in the next two months. This was in line with the company's overall strategy of ... More

Bharat Electronics declares 40 pc interim dividend
BANGALORE: Bharat Electronics Ltd, for the second year in a row, has declared 40 per cent interim dividend for 2005-06. The company has said it has fixed November 3 as the record date for payment of the interim dividend. Last year, ... More

RoC offices at Bangalore to be open today, tomorrow

FINANCIAL PERFORMANCE

Jaiprakash Associates Q2 net profit doubles at Rs 86 cr
NEW DELHI: Jaiprakash Associates Ltd has posted a 100 per cent increase in net profit at Rs 86 crore during the second quarter ended September 30, 2005, as compared with Rs 43 crore in the same period last year. Total income increased ... More

International Travel House H1 net up 47 pc at Rs 3.24 cr
NEW DELHI: International Travel House (ITH) has reported a more than 47 per cent increase in its profit after tax at Rs 3.24 crore during April-September this year up from Rs 2.2 crore recorded during the previous year. During this ... More

Greenply Industries Q2 net zooms
NEW DELHI: Greenply Industries Ltd (GIL) has announced a 119 per cent jump in net profit for the second quarter ended September 30 at Rs 3.01 crore, up from Rs 1.37 crore for the corresponding period last year. Operating profits of the ... More

NEW PROJECTS

Amara Raja announces Rs 11.60-cr expansion — Q2 net profit up 21 pc
AMARA Raja Batteries Ltd has announced capacity expansion of its automotive range of batteries from 2.4 million units a year to 3 million. The Rs 11.60-crore project is expected to be completed by the second quarter of next year. In ... More

CCEA okays Rs 8,277-cr RINL expansion plan
THE Cabinet Committee on Economic Affairs has approved expansion of Rashtriya Ispat Nigam Ltd (RINL) from 3 million tonnes to 6.3 million tonnes with a capital expenditure of Rs 8,692 crore as against the earlier estimate of Rs 8,277 crore. The ... More

OUTLOOK

Bajaj Auto's electric 3-wheeler may hit roads next year
`ECORICK', Bajaj Auto's battery-powered 3-wheeler is likely to hit the roads next year. The vehicle was on display at an exposition held here by SAEIndia earlier this week. The vehicle would cost around Rs 1.25 lakh — around Rs 35,000 ... More

TRENDS

Most manufacturing units in Chennai resume operations
WITH Chennai experiencing clear and sunny weather on Friday, after almost two days of incessant rains, most manufacturing units reported normal operations. Hyundai Motor India, which closed its assembly line after the first shift yesterday, ... More

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