Astec Lifesciences buys land in Maharashtra for its facility

Astec Lifesciences Ltd, a producer of agrochemicals and pharmaceutical intermediates, has acquired 10 acres of land in Maharashtra Industrial Development Corporation (MIDC) at Mahad to set up additional manufacturing facilities.

This site is located a few kilometres from the company's existing facilities at Mahad. Proximity to company's existing site will make it convenient to manage with its existing infrastructure and to optimise cost efficiency, it said in a filing to the Bombay Stock Exchange (BSE).

On Monday, Astec Lifesciences shares ended 1% up at Rs81 on BSE, while the benchmark Sensex closed flat at 18,409 points.

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Beckons says achieves new milestone in micro algae production

Beckons Industries Ltd said it is undertaking measurement, monitor and validation (MMV) process in Goa and has produced 125 times more algae with its newly developed photo bio reactor (PBR) than the existing PBR's developed across the globe.

BIL said it completed the validation of scientific and engineering principals for its novel design of inexpensive PBR and cheaper method of micro algal cultivation. It is at precommercial stage and hope that this technology will be successful for commercial exploitation.

On Monday, Beckons Industries shares ended 2.6% higher at Rs7 on the Bombay Stock Exchange, while the benchmark Sensex closed flat at 18,409 points.

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Jaihind Projects net profit rises to 22.5% to Rs6 crore in June quarter

Engineering, construction and procurement (EPC) company, Jaihind Projects Ltd, said its net profit for the June 2010 quarter rose 22.5% to Rs6 crore from Rs4.9 crore in the same quarter last year.

In the June 2010 quarter, its total revenues increased to Rs72.4 crore from Rs64.3 crore. Various cost optimisation initiatives launched by company, aided by reduction in other expenditure has led to an improvement in profitability, said the Ahmedabad-based company in a regulatory filing.

On Monday, Jaihind Projects shares ended 0.2% down at Rs269 on the Bombay Stock Exchange, while the benchmark Sensex closed flat at 18,409 points.

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