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.
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.
Sturdy Industries Ltd said it will set up a project worth Rs111 crore at Chaygaun, near Guwahati in Assam, to manufacture ABC cables and conductors, aluminium profiles and other aluminium products.
The company has already taken land on lease from Assam Industrial Development Corporation to set up the project. It has already started initial developments at site and start financial arrangement with existing bankers. The construction for equity will be brought through preferential issue and internal accruals from existing business.
On Monday, Sturdy Industries shares gained 2.1% to Rs6 on the Bombay Stock Exchange, while the benchmark Sensex closed flat at 18,409 points.