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L&T’s
order booking climbs 20 per cent to Rs 13,000 crore in
’02-03
Mumbai: Larsen & Toubro Ltd, India’s largest
engineering, construction and cement conglomerate, has
achieved a growth of 20 per cent in its order booking
at Rs 13,000 crore during 2002-03.
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L&T
to tap equipment, systems market in China
Mumbai: Engineering major Larsen & Toubro is setting
up an office in China to tap the critical equipment and
systems market, where they have already bagged two orders.
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FACT
seeks centre’s nod for layoff
Kochi: Fertilisers and Chemicals Travancore, which
closed down all its plants since March for want of funds,
has now sought the Centre’s nod for a layoff.
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Hero
Honda, HMSI work on mutual co-operation
New Delhi: The two Honda entities in India, Hero Honda
and Honda Motorcycle & Scooter India, which will be
competing with each other in 2004, are now looking at
areas of mutual co-operation.
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Bajoria,and
associates declare 4.9 per cent stake in Bombay Dyeing
Kolkata: The Kolkata-based jute baron, Arun Kumar
Bajoria, is back in the news. He and his associates on
Wednesday disclosed their acquisition of 4.9 per cent
stake in Bombay Dyeing and Manufacturing Company to the
stock exchanges.
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Tata
group profits jump 27 per cent, sales up just 7 per cent
Mumbai: The Tatas have managed to shore up the combined
bottomline of all group companies by 27 per cent on a
topline growth of just 7 per cent in the last fiscal,
Ratan Tata said while addressing an internal meeting of
senior group executives held over the last three days.
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SMS
Pharma to foray into healthcare products
Hyderabad: SMS Pharmaceuticals Ltd, the city-based
Rs 100-crore company manufacturing life saving bulk drugs,
has announced its foray into the life enhancing healthcare
products.
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Birla
Tyres keen to outsource from Tyre Corporation
Kolkata: Birla Tyres of the B.K. Birla group has evinced
interest in outsourcing crossply truck tyres on a conversion
basis from the state-owned Tyre Corporation of India Ltd
(TCIL), which falls under the administrative control of
the Union Ministry of of Heavy Industry.
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Great
Eastern to raise Rs 95 crore
Mumbai: Great Eastern Shipping Co is raising Rs 95
crore through a non-convertible debenture issue. The company's
shipping and offshore divisions have contributed 73 per
cent and 21 per cent to its total revenues respectively
in 2001-02. It reported a net profit of Rs 134 crore during
the nine months ended December 31 2002 on an operating
income of Rs 697 crore.
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Rashtriya
Ispat to boost coke output
Vishkapatnam: The Rashtriya Ispat Nigam Ltd (RINL)
here is adding one more coke oven battery to increase
coke production and thereby enhance capacity, said B.K.
Singh, the acting Chairman and Managing Director.
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Tata
Engg plans fully-built buses
Mumbai: Tata Engineering and Locomotive Company Ltd
(Telco) plans to launch a range of fully-built buses in
the first half of this financial year.
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Central
Coalfields turns around
New Delhi: Central Coalfields Ltd (CCL), a subsidiary
of Coal India Ltd (CIL), has created a record by earning
a net profit of Rs 270 crore on a despatch of about 36.5
million tonnes (mt) of raw coal during the fiscal ended
March 2003.
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