Gammon India FY net profit falls to Rs45.7 crore

Construction and engineering company Gammon India Ltd said its consolidated net profit for the financial year 2009-10 fell to Rs45.7 crore from Rs56.3 crore last fiscal, despite increased revenues.

During the period, Gammon India's total revenues increased to Rs7,069.9 crore as against Rs5,220 crore in the last fiscal.

On Monday, Gammon India shares fell 4.9% to Rs197 on the Bombay Stock Exchange, while the Sensex ended 0.6% down to 18,050 points.

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Geodesic Q1 profit rises to Rs79.1 crore

Geodesic Ltd, content provider for communication and collaboration solutions, said its net profit for the first quarter increased 34% to Rs79.1 crore compared to Rs59 crore in the corresponding quarter last year.

Its total revenues for the first quarter increased 22% to Rs199 crore from Rs163.2 crore for the same quarter previous year, the company said in a regulatory filing.

On Monday, Geodesic shares gained 3.9% to Rs106 on the Bombay Stock Exchange, while the Sensex ended 0.6% down to 18,050 points.

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Over 50% wind power installation target met: Minister

New Delhi: More than half of the Eleventh Plan target of 9,000 MW wind power installation has already been achieved, reports PTI quoting new and renewable energy minister Farooq Abdullah.

5035 MW has already achieved and the balance would be done during the remaining period of the Five Year Plan (2007-2012), he said during Question Hour in Parliament.

Mr Abdullah said the government is extending help in setting up more windmills in the country.

"The total wind potential for the entire country is 48,500 MW and our ministry with the help of Centre for Wind Energy Technology (C-WET) has completed 12,000 MW till today," he said.

Mr Abdullah said that along with the Centre for Wind Energy Technology (C-WET), the ministry has taken up a wind resource assessment programme to identify sites for setting up of wind power projects in the country.

"As a result of the survey conducted by C-WET, 233 wind potential locations have been identified so far. The total sites identified were 650, however 233 were found to be having good potential," he said.

The minister said major hurdles in wind power development include delay in land allocation and getting forest clearances for new projects.
 

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