RCom consolidation of its tower & infrastructure business

The Board of Directors of Reliance Communication Ltd on January 31, 2009, approved a Scheme for consolidation of Optic Fiber Division of the Company to Reliance Infratel Ltd, a subsidiary of the Company. Reliance Infratel owns, operators, and develops telecom infrastructure, primarily consisting of wireless communication sites and towers. Reliance Infratel currently owns all of … Read more RCom consolidation of its tower & infrastructure business

Lupin -Incurred forex loss of Rs 40 crore for Q3 FY’09

Key Highlights Net sales for the quarter ended December’08 33% to Rs 961.84 crore and other income from operation declined by 84% to Rs 21.84 crore restricting total income from operation to grew by 15% to Rs 983.68 crore. International market stood at Rs 650.50 crore (or 67% of total sales) and domestic market clocked … Read more Lupin -Incurred forex loss of Rs 40 crore for Q3 FY’09

Bajaj Hindusthan Sugar production to drop by more than 40%

Highlights of the concall The net revenue of Bajaj Hindusthan for Q1 FY09 grew by 3% Y-o-Y to Rs 362.24 crore. The revenue in distillery segment has significantly declined by 83% Y-o-Y to Rs 12.44 crore while that in sugar division increased by 24% to Rs 355.91 crore. The OPM for the quarter stood at … Read more Bajaj Hindusthan Sugar production to drop by more than 40%

BHEL – Expects to close FY09 with a turnover of Rs 27000 crore

Key takeaways of the conference call Order inflow for the quarter is 15200 crore up 5% YOY with the share of power sector orders stand at Rs 13670 crore. The order intake for the 9-month ended Dec 2008 is Rs 44088 crore (equivalent to 13670 MW in volume terms) with the share of power sector … Read more BHEL – Expects to close FY09 with a turnover of Rs 27000 crore

Jindal Steel & Power – Capex of Rs 2000-2500 crore in next 2 years

Financial Highlights For the quarter ended Dec’08 Jindal Steel & Power (JSPL) reported a 28% increase in Total Income to Rs 1781.07 crore. However the Operating Profit Margin (OPM) decreased by 370 basis points to 34.4%. The resultant operating profit for the quarter ended Dec’08 stood at Rs 611.99 crore which was 15% higher when … Read more Jindal Steel & Power – Capex of Rs 2000-2500 crore in next 2 years