L&T gets Rs 95 crore order from China
Mumbai: Larsen & Toubro has won a contract for coal gasification equipment from China valued at Rs 95 crore. With an earlier contract worth Rs 105 crore, L&T now has contracts for fuel extraction systems worth Rs 200 crore, said a news release from the company.

One contract is for the Zhong Yuan methanol project of 400,000 tonne-per annum in Henan province in Central China, and the other is for the Yuntianhua group for its 500,000 tpa ammonia project in Yunnan province in South China. The technology for these contracts is from Shell, (the Netherlands).
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Tata Steel to be 15 million tonne company by 2010
Mumbai: Tata Steel intends to be a 15-million tonne steel company by 2010. With the expansion plan already under way, the company's saleable steel capacity will increase to about 5 million tonnes in 2005-06. Plans are being drawn to further enhance the capacity by another 2.5 million tonnes in Jamshedpur. Up for approval at the company's AGM next month is a proposal to raise its authorised share capital from Rs 690 crore to Rs 850 crore, being done to facilitate the capitalisation of its securities premium account to the extent of issue of bonus shares.
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Virus attack at Infosys
Bangalore: India's largest listed computer software company Infosys witnessed a severe virus attack at its Bangalore campus this morning bringing down operations to a standstill for a couple of hours. The virus attack led to work like server connection to clients, accessing data and documents getting affected. Infosys employs 8,000 workers in the Bangalore campus. As a preventive measure to prevent the virus from spreading, the company brought down the network.
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CESC posts Rs 70 crore pre-tax profit
Kolkata: CESC Ltd has declared a Rs 92.9-crore profit before tax and special appropriation for 2003-04 compared with Rs 7.62 crore in the previous year. A CESC spokesman said that lower interest and personnel costs, lower power purchase volume, higher plant load factor and lower transmission and distribution costs were the main reasons for the improved profit. After making various adjustments, CESC's profit has been placed at Rs 70.55 crore, against a Rs 5.23-crore loss made in 2002-03.
No dividend has been recommended.
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Indian Hume Pipe total dividend at 250 per cent
Mumbai: Indian Hume Pipe Co Ltd, engaged in execution of water supply schemes and pipe-laying projects, has reported a 337 per cent increase in its net profit, which touched Rs 50.75 crore last fiscal from Rs 11.60 crore in the previous fiscal. The board of directors of the company has declared a final dividend of 50 per cent. Together with the interim dividend of 200 per cent paid earlier, the total dividend for the year is 250 per cent. The company has also decided to split the nominal face value of equity share from Rs 100 per share to Rs 10 per share, subject to the shareholders approval.
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D-Link to pay 40 per cent dividend
Mumbai: The board of directors of D-Link India Ltd has recommended a final dividend of 40 per cent. The company posted a net profit of Rs 31.3 crore for the year-ended March 31, 2004 as against a net profit of Rs 22.1 crore (March 31, 2003). Total income (net of excise) has increased to Rs 228.10 crore (Rs 192.10 crore) during the year-ended March 31, 2004.
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Opto Circuits announces 30 per cent dividend
Bangalore: Sensors-maker Opto Circuits Ltd said its net profit for the financial year 2003-04 leapt 76 per cent to Rs 13.02 crore and revenue increased to Rs. 58.52 crore, up by 54 per cent. The company has announced a 30 per cent dividend and bonus of three shares for every 10 fully paid-up equity shares.
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New Intel Xeon based platforms and products
Bangalore: Intel has announced the launch of a Xeon processor-based platform and a number of products and technologies for the Xeon family that offer better performance, memory and graphics capabilities for workstation platforms. Intel said that the workstations would benefit from the technologies that address the increasingly data-hungry systems and software applications that need performance. The Intel processor-based workstation platform, which features an advanced Intel Xeon processor with more powerful chipset, boosts performance by up to 30 per cent over previous generations.
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Lintas's Aaren Initiative expands operations
Mumbai: Aaren Initiative, the outdoor agency of Lintas India's Integrated Marketing Action Group (IMAG), has expanded its operations to handle outdoor assignments in over 108 towns and cities. Some of the country's largest outdoor advertisers such as LG, Pantaloons Group, The Hindu Group and others, are among Aaren Initiative's clients.
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Philips launches Heart Start
Mumbai: Philips Medical Systems (PMS) has rolled out HeartStart, an automated external defibrillator, at a price of about Rs 2 lakh. The product helps the heart get back its regular systemic rhythm. Company officials vouched for the safety of the product and said that there was no possibility that excessive shock would be given to a patient. The device guides the user through voice commands and advices against giving a shock to the patient, if not required. Doctors say that sudden cardiac arrest is one of the leading causes of death worldwide, where the heart is seen to have an uncoordinated fast rhythm.
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