Kolkata-based JK Sugar Ltd reported net loss of Rs13.2 crore for the first quarter as against the profit of Rs0.9 crore in the same quarter last fiscal. The company's total revenues in the June 2010 quarter increased to Rs37.2 crore from Rs31.9 crore.
On Wednesday, JK Sugar shares closed 1.8% down to Rs24 on the Bombay Stock Exchange, while the benchmark Sensex ended 0.8% lower to 18,070 points.
Sugar producer Bajaj Hindusthan Ltd reported a net loss of Rs14.9 crore in the third quarter ended June 2010 as against the net profit of Rs60.1 crore for the same quarter last year.
During the quarter to end-June the company's total revenues increased to Rs727.8 crore compared to Rs399.3 crore. Its net sales rose to Rs715.7 crore from Rs383.6 crore, Bajaj Hindustan said in a filing to Bombay Stock Exchange (BSE).
On Wednesday, Bajaj Hindusthan shares gained 1.9% to Rs118 on the BSE, while the benchmark Sensex ended 0.8% lower to 18,070 points.
Ashok Leyland, the Hinduja Group flagship, has won an order worth $26 million from the Sri Lanka-based People's Leasing Company to provide 1,000 buses.
The delivery of the 1,000 'Viking' buses, varying from 42-58 seaters, has to be completed before March 2011. The order is being part funded by the Asian Development Bank, said the company in a press release.
On Wednesday, Ashok Leyland shares closed 0.4% down to Rs70 on the Bombay Stock Exchange, while the benchmark Sensex ended 0.8% lower to 18,070 points.