Plethico Pharmaceuticals Projects PAT margin of 16%

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Plethico Pharmaceuticals declared the results for the quarter ended & year ended December’08 and held a tele conference call on 1st April 2009 to discuss the results and its future growth strategies. The key takeaways from the con- call are as follows: Financial Performance Net sales declined by 3% to Rs 116.97 crore for the … Read more Plethico Pharmaceuticals Projects PAT margin of 16%

Voltas – Visibility in international order book for next one and half years

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Voltas held a conference call to discuss about the Middle East order book position update. Highlights of the call As on Dec’08, the international order book position in Electro Mechanical Projects stood at Rs 4200 crore. After execution of orders in Mar’09 quarter, the order book position on Mar’09 will be lower because of lower … Read more Voltas – Visibility in international order book for next one and half years

Sunil Bharti Mittal Tastes Failure – To exit Mutual Fund JV business with AXA

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Do what you are good at and not to diversify in unrelated areas 🙂 The Telecom Czar Sunil Bharti Mittal is now tasting Failure in Mutual Fund Business. Bharti Enterprises is planning to end its mutual fund joint venture business in India with France-based AXA. In the mutual fund JV Bharti holds 25% stake through … Read more Sunil Bharti Mittal Tastes Failure – To exit Mutual Fund JV business with AXA

Wockhardt’s CMD Habil Khorakiwala Quits as Company’s Debt Piles Higher

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Mumbai-based pharmaceutical major Wockhardt has become the latest victim of piling debt. The company has been referred to the corporate debt restructuring (CDR) mechanism, a system to deal with cases where multiple lenders are involved. In its filing with the Bombay Stock Exchange on Tuesday, the pharma major said that Habil Khorakiwala, currently chairman and … Read more Wockhardt’s CMD Habil Khorakiwala Quits as Company’s Debt Piles Higher

HCC bags Rs 688.06 cr order at Punatsangchhu-l Hydra Electric Project

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Hindustan Construction Company Ltd (HCC) has informed BSE that the Company has bagged the prestigious order for Package MC3 of 1200 MW Punatsangchhu-I Hydro Electric Project in Bhutan from Punatsangchhu-I Hydro Electric Project Authority. The Punatsangchhu-I Hydro Electric Project is located on river Punatsangchhu in Wangdue Phodrang Dzongkhag in Western Bhutan. The said project involves … Read more HCC bags Rs 688.06 cr order at Punatsangchhu-l Hydra Electric Project