Nagarjuna Construction wins orders worth Rs540 crore

Nagarjuna Construction Company Ltd said it won orders worth Rs540 crore from various agencies for infrastructure-related works.

The Hyderabad-based company has won an order worth Rs388 crore from Tamil Nadu Water Supply and Drainage Board for construction of Hogenakkal Water Supply and Fluorosis Mitigation project, Nagarjuna Construction said in a filing to Bombay Stock Exchange (BSE).

The company has also received an order worth Rs73 crore from UP Jal Nigam. The project has to be completed in 18 months.

The company has won two more contracts from Chennai Metropolitan Water Supply and Sewage Board, Chennai and Salem City Municipal Corporation, Salem for Rs41 crore and Rs38 crore, respectively, for various construction-related works. Both projects have to be completed in 24 months.

On Thursday, Nagarjuna Construction shares ended 0.6% down at Rs151 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.1% at 20,005 points.
 

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Birla Corp Q2 net profit tumbles 54.6% to Rs69 crore

Birla Corporation Ltd said its net profit fell 54.6% to Rs69 crore during the second quarter ended 30 September 2010 compared to Rs152.1 crore in the same quarter of last year due to shutdown of its plants for capacity expansion and maintenance.

Turnover of the company during the September 2010 quarter declined marginally by 1.1% at Rs550.3 crore from Rs556.3 crore.

The company said in a statement that profitability during the quarter was lower on account of shutdown of its plants for capacity expansion and maintenance.

Performance of the jute division of the company was improving, the company said.

On Thursday, Birla Corporation shares ended 3.9% down at Rs386 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.1% to 20,005 points.

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Idea Cellular Q2 net profit Rs179.7 crore vs Rs220.2 crore

Telecom services provider Idea Cellular Ltd reported a consolidated net profit of Rs179.7 crore for the second quarter ended 30 September 2010 from Rs220.2 crore a year ago.

 "Figures for the current period are not comparable with that of the corresponding period due to the merger of Spice Communications Ltd effective 1 March 2010, prior to which it was a joint venture," Idea Cellular said in a filing to the Bombay Stock Exchange (BSE).

During the quarter to end-September, its total revenues increased to Rs3,659.2 crore from Rs2,973.9 crore.

On the standalone basis, the company has reported net profit of Rs166 crore as against Rs259.9 crore in the same quarter last year.

On Thursday, Idea Cellular Ltd shares ended 3.2% down at Rs67 on the BSE, while the benchmark Sensex closed 1.1% down at 20,005 points.
 

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