L&T Construction wins orders worth Rs1,629 crore

L&T Construction has secured a major design and build order worth Rs900 crore for the construction of a major IT Campus facility

L&T Construction has bagged new orders worth Rs1,629 crore in the Building and Factories segment.

A major design and build order worth Rs900 crore was secured for the construction of a major IT Campus facility during the end of the second quarter.
The third quarter ushered in new orders worth Rs729 crore for the construction of a commercial building, university, residential towers and an automobile factory from various clients.

These orders further enhance the order book of the company which has already secured major design and build contracts for airports, IT Parks, commercial and residential projects in India and abroad.

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SKF India registers 14% increase in sales in Q3 2011

SKF India said that its net sales for the September 2011 quarter amounted to Rs5,998 million registering a growth of 14% over the corresponding quarter of the previous year

SKF India Ltd, India’s leading technology and solutions provider of bearings, seals, lubrication systems, mechantronics and services, has announced the unaudited financial results for the third quarter ended 30 September 2011.

The company’s net sales for the third quarter ended September 2011 amounted to Rs5,998 million registering a growth of 14% over the corresponding quarter of the previous year. The profit after tax for the September 2011 quarter amounted to Rs557 million showing a growth of 35% over the corresponding quarter of the previous year. Earnings per share for the first nine months of the current year (not annualised) is Rs31.9 as compared to Rs25.2 for the corresponding period of the previous year Shishir Joshipura, managing director, SKF India said, “Our third quarter performance has shown steady growth against a very demanding economic scenario. High inflation, increasing input costs and a high interest rate regime continued to put pressure on performance. The quarter saw continued moderation in demand in some sections of the automotive sector. However, we remain positive about the sustained 

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Nissan India sales jump 164% in October

Sales were driven by the recently launched all-new Sunny sedan which accounted for 1,340 of the October total

Nissan Motor India Pvt Ltd (NMIPL) today announced sales of 2,990 units in October representing a 164% year-on-year increase.

Sales were driven by the recently launched all-new Sunny sedan which accounted for 1,340 of the October total. To date Sunny—which is manufactured in India at Nissan’s Oragadam plant—has already achieved more than 2,000 orders in six weeks after its launch in Mumbai.

The Micra compact premium hatchback, also produced in Oragadam, continues to be Nissan’s top-selling model and accounted for 1,619 unit sales last month–a 52% increase compared to 2010. The X-Trail lifestyle SUV, Teana premium sedan and iconic 370Z sports car comprised the remaining sales.

Kiminobu Tokuyama, managing director of Nissan Motor India said that, “October’s sales are very encouraging and demonstrate the sustained progress Nissan is making within the Indian market. This is being achieved by offering our customers a growing range of affordable, quality-driven and engaging products like Sunny and Micra which are manufactured locally.”

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