EMC wins Rs776 crore contract from Power Grid

EMC will supply, erect, test & commission 765 kV double circuit transmission line worth Rs718 crore

Power system solutions provider EMC Ltd has bagged a contract of transmission line & substations together, worth Rs776 crore from Power Grid Corporation of India Ltd (PGCIL), the nation’s largest Power Transmission company.  

EMC will supply, erect, test & commission 765 kV double circuit transmission line worth Rs718 crore to be completed in 30 months, and supply, erect, test & commission 400kV substation worth Rs58 crore to be completed in a time frame of 24 months under Transmission System associated with LTOA Project in Tuticorin Area.

The 765 kV D/C Transmission Line of 410 km will be built between Tuticorin Pooling Station to Salem Pooling Station & the substation for construction at Salem, Madhugiri and at Tuticorin with 400 kV Substation as a whole.

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Lupin Q2 net profit zooms 23.7% to Rs266 crore

According to Lupin, steady product approvals, launches and growth across the US, Europe, Japan and India have helped the company deliver 25 quarters of consistent growth

Pharmaceutical company Lupin said that its consolidated net profit for the second quarter ended 30 September 2011 stood at Rs266 crore, a growth of 23.7% compared to Rs215 crore in the corresponding quarter of last fiscal.
During the same period, the company’s consolidated revenues rose 21.41% to Rs1,741 crore from Rs1,434 crore.

Dr Kamal Sharma, managing director, Lupin, said that “Steady product approvals, launches and growth across the US, Europe, Japan and India have helped us deliver 25 quarters of consistent growth.”

On Wednesday, Lupin ended at Rs475 per share on the Bombay Stock Exchange, 1.22% down from the previous close.

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Kavveri Telecom H1FY12 revenue up 65.08%, net jumps 32.33%

Kavveri Telecom net profit during H1 2011 increased significantly by 32.33% from Rs14.15 crore to Rs18.73 crore during the corresponding period in the last fiscal

Kavveri Telecom, a leading wireless subsystem manufacturer, today reported its stand alone half yearly profit & revenue numbers with a 65.08% rise in revenue and a 32.33% jump in the net profit for the half year ended 30 September 2011 when compared to corresponding period of previous year.

While the company saw its standalone net profit touching Rs10.36 crore for the second quarter, which is a Rs0.93 crore rise over the corresponding period last year, its net sales increased by nearly 33.62% to Rs84.79 crore for the same quarter.

The stand alone revenue for the half year ended on 30 September 2011 also rose by 65.08% from Rs100.18 crore to Rs165.39 crore during the corresponding period of the previous year. Net profit during the half year increased significantly by 32.33% from Rs14.15 crore to Rs18.73 crore during the corresponding period in the last fiscal.

Shivakumar Reddy, managing director, Kavveri Telecom Products Ltd stated that, “With the completion of the European acquisition, we certainly look forward for a promising growth in the current fiscal.”

On Wednesday, Kavveri Telecom ended at Rs142.55 per share on the Bombay Stock Exchange, 0.49% up from the previous close.

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