Vishal Cotspin changes name to Rodium Realty

Vishal Cotspin Ltd said it has been changed its name from Vishal Cotspin Ltd to Rodium Realty Ltd.

On Monday, Vishal Cotspin shares closed 1.5% up at Rs203 on Bombay Stock Exchange, while the benchmark Sensex ended 0.2% up at 18,032 points.

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ACIL Cotton Industries gets 173 acre land for contract farming

ACIL Cotton Industries Ltd said it received an additional 173 acre agriculture land to set up a unique business model of organic contract farming at Surendranagar in Gujarat. No financial details were provided.

The company holds a total of 322 acre of land for cultivation of various crops. It has already started farming in 149 acres of land in same district, ACIL Cotton said in a regulatory filing.  

This is the first step by company to cultivate organic harvests as a model called the integrated organic cultivation (IOC), which will guarantee farmers a market-supportive mechanism for selling their produce.

On Monday, ACIL Cotton Industries shares declined 2.1% to Rs35 on Bombay Stock Exchange, while the benchmark Sensex ended 0.2% up at 18,032 points.

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Alchemist FY net profit up 11.4% to Rs15.6 crore

Alchemist Ltd said its net profit for the financial year 2010-11 stood at Rs15.6 crore, a rise of 11.4%, as compared to Rs14 crore last fiscal.

During the year to end-March, the Alchemist's net sales increased to Rs396.4 crore, a rise of 2.6%, from Rs386.5 crore, it said in a statement.

On Monday, Alchemist shares declined 0.6% to Rs170 on Bombay Stock Exchange, while the benchmark Sensex gained 0.2% to 18,032 points.

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