Bombay Dyeing net profit stood at Rs2.36 crore in the December 2009 quarter
Bombay Dyeing & Manufacturing Company has posted a net profit of Rs67 lakh during the third quarter ended 31 December 2010.
The net profit stood at Rs2.36 crore in the same period last fiscal, the company said in a filing to the Bombay Stock Exchange (BSE).
Net sales of the company rose to Rs429.51 crore during the third quarter under review compared with Rs402.75 crore during the same period last fiscal.
On Friday, Bombay Dyeing ended 4.53% down at Rs297.40 on the BSE, while the benchmark Sensex ended 1.52% up at 17,728.61.
Punj Lloyd group company, PL Engineering has signed an agreement with GECI International to set up a joint venture company to offer engineering services in the aerospace sector
Punj Lloyd group company, PL Engineering said it has signed an agreement with France-based GECI International to set up a joint venture company to offer engineering services in the aerospace sector.
"The JV will initially focus on providing services to the growing Indian aerospace sector on supporting activities in Europe, followed by looking at the global market," PL Engineering said in a statement. No financial details were provided.
PL Engineering CEO Sanjay Goel said, "This JV will bring together the Indian resources and skills in design and engineering with global aerospace technology, knowhow and experience."
GECI International chairman Serge Bitboul said that "A partnership with the Punj Lloyd Group will allow us to offer an extended range of engineering services and together capture a significant part of the growing Indian aerospace sector."
Bitbould added that the company is in the process of establishing itself as aircraft manufacturer with the production of the turboprop aircraft F406 and the development of the Skylander, a 19-seater turboprop, with serial aircraft available in 2013.
PL Engineering provides a full spectrum of design and engineering services in the oil and gas, chemical and petrochemical, power and infrastructure sectors.
GECI International has been in the business of providing high level engineering activities, especially to the aerospace sector for more than 30 years.
On Friday, Punj Lloyd ended 7.33% up at Rs71.05 on the BSE, and the benchmark Sensex ended 1.52% up at 17,728.61.
ITDC’s net sales grew by 18.8% at Rs97.63 crore for the quarter ended 31 December 2010, compared to Rs82.18 crore in the same quarter of 2009
India Tourism Development Corporation (ITDC) posted net loss of Rs12.40 crore for the quarter ended 31 December 2010.
In the same period of previous fiscal, the company had registered a net profit of Rs2.32 crore, it said in a filing to the Bombay Stock Exchange (BSE).
ITDC's net sales grew by 18.8% at Rs97.63 crore for the quarter ended 31 December 2010, compared to Rs82.18 crore in the same quarter of 2009.