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The Sensex and the Nifty gained 7% and 6%, respectively, over the past fortnight. A more nuanced...

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Gayatri Projects Q1 net profit rises to Rs15.1 crore

Construction and engineering company Gayatri Projects Ltd said its first quarter net profit rose to Rs15.1 crore from Rs12 crore in the same quarter a year ago.

In the June 2010 quarter, the Hyderabad-based company's total revenues increased to Rs342.6 crore from Rs291 crore a year ago.

On Monday, Gayatri Projects shares declined 2% to Rs374 on the Bombay Stock Exchange, while the Sensex closed 0.7% up at 18,278 points.

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Adhunik Metaliks says Macquarie SBI Infra, SBI to invest Rs125 crore in its unit

Adhunik Metaliks Ltd said Macquarie SBI Infrastructure Investments and State Bank of India (SBI) will invest Rs125 crore in its unit Adhunik Power & Natural Resources (APNRL).

The funds will be used to part finance its ongoing 540 MW coal based independent power project at Jamshedpur in Jharkhand. The project is likely to start power generation from January 2012.

On Monday, Adhunik Metaliks shares gained 1.8% to Rs113 on the Bombay Stock Exchange, while the Sensex closed 0.7% up at 18,278 points.

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