Business Daily from THE HINDU group of publications
Friday, Jul 31, 2009
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Business Daily from THE HINDU group of publications Friday, Jul 31, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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Financial Performance Corporate Results - Real Estate & Construction Web Extras - Mergers & Acquisitions Nagarjuna Const Q1 turnover up marginally Our Bureau Our Bureau Hyderabad, July 30 Nagarjuna Construction Company Ltd (NCC) has reported a marginal rise in net profit at Rs 38.22 crore for the quarter ended June 30, 2009, against Rs 37.09 crore for the corresponding quarter of last year. Turnover in the quarter under review was at Rs 1,002.41 crore ( Rs 972 crore), according to a company press release. The earning per share (EPS) was Rs 1.67 (not annualised) as against Rs 1.62 in the corresponding quarter of the previous year. In the current year, the Hyderabad-based infrastructure major has secured orders aggregating Rs 2,874 crore and its order book stood at Rs 13,902 crore at the end of the quarter.
Dilutes equity to GVK Power: The board of directors of NCC has approved the sale of a 9.5 per cent equity stake in Gautami Power to the GVK group for a consideration of Rs 112.63 crore subject to the terms and conditions of the transaction, said Mr A. Ranga Raju, Managing Director. The company anticipates that the sale will result in a capital gain of approximately Rs 50 crore for Nagarjuna Construction, he added. NCC bags orders worth Rs 797 cr NCC to raise up to Rs 550 cr AP cancels Rs 1,065-cr project awarded to NCC NCC nod for debenture issue More Stories on : Financial Performance | Real Estate & Construction | Mergers & Acquisitions
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