Millennium Beer Q1 net profit rises to Rs3.41 crore

Millennium Beer Industries Ltd said its net profit for the first quarter increased to Rs3.41 crore from Rs1.12 crore in the same quarter last year.

During the June 2010, its revenues increased to Rs102.20 crore from Rs80.89 crore.

On Thursday, Millennium Beer shares ended 1.16% lower to Rs25 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.26% higher at 18,226 points.

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Eldeco Housing FY10-11 net profit increases to Rs7.66 crore

Eldeco Housing and Industries Ltd said its net profit for the financial year 2010-11 increased to Rs7.66 crore from Rs6.66 crore last fiscal.

During the current fiscal, its revenues declined to Rs47.78 crore from Rs102.78 crore in the last fiscal, said the company in a filing to Bombay Stock Exchange (BSE).

On Thursday, Eldeco Housing shares ended 1.24% down to Rs227 on BSE, while the benchmark Sensex closed 0.26% higher at 18,226 points.

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Abhishek Industries strengthens operations in US market

Abhishek Industries Ltd said it has received the Forest Stewardship Council's (FSC) Chain of Custody certificate for its responsible sourcing of pulpwood fibre.
AIL is a major wheat straw based paper manufacturer and is known for its eco-friendly paper. The company already has formidable presence in the US market in its textile business and this recognition will enable it to foray into the US paper market.

For Abhishek Industries the recognition of FSC certification comes as an encouragement towards its sustainable initiatives towards conservation of environment.

A reputed non profit organisation, FSC is widely regarded as the most respected certification for responsible fibre sourcing around the world.

On Thursday, Abhishek Industries shares gained 4.74% to Rs18 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.26% higher at 18,226 points.

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