India Cements Q1 net profit tumbles to Rs25 crore from Rs144.3 crore

India Cements Ltd said its first quarter net profit fell to Rs25 crore as against the net profit of Rs144.3 crore during the same quarter last year.

The company's total revenue decreased to Rs909.2 crore in the June 2010 quarter from Rs960.2 crore same quarter a year ago.

On Monday, India Cements shares ended 1.6% down to Rs104 on the Bombay Stock Exchange, while the Sensex closed 1.2% higher at 18,081 points.

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GAIL Q1 net profit Rs886.9 crore vs Rs655.9 crore

State-owned gas transportation company, GAIL (India) Ltd reported a first quarter net profit of Rs886.9 crore compared to Rs655.9 crore for the same quarter last year. During the June 2010 quarter, its total revenue increased to Rs7,163.5 crore from Rs6,119 crore.

On Monday, GAIL shares rose 2% to Rs447 on the Bombay Stock Exchange, while the Sensex closed 1.2% higher at 18,081 points.

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L&T wins orders worth Rs6,500 crore from Jaiprakash Group

Larsen & Toubro Ltd (L&T) said it won orders, worth around Rs6,500 crore from Jaiprakash Power Ventures Ltd (JPVL) to set up mega power plant in Uttar Pradesh.

The scope of work includes supply, erection and commissioning of boiler-turbine generator package, critical piping, electrostatic precipitators (ESPs) and power plant automation for JPVL's 3x660 MW power plant being set up in Uttar Pradesh.

The plant will be commissioned in 60 months, with the first unit scheduled to start commercial production in 48 months. The contract for the Boiler Island has been given to L&T-MHI Boilers Pvt Ltd and the contract for another package comprising the steam turbine generator island, ESPs, critical piping and power plant automation system has been awarded to L&T.

On Monday, L&T shares gained 0.9% to Rs1,812 on the Bombay Stock Exchange, while the Sensex closed 1.2% higher at 18,081 points.

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