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Larsen & Toubro’s exports on a roll (The Hindu Businessline 24th Jan 2008)Larsen & Toubro’s export segment appears to be on a roll what with the company rapidly augmenting the proportion of overseas orders.
Larsen & Toubro on Wednesday announced the bagging of orders worth Rs 1,057 crore in the West Asian region, a significant part of the projects being in the power transmission and distribution space.
Over the last one month, the company has announced the bagging of three significant export orders amidst international competition, adding up to over Rs 3,000 crore. More
Grasim: Non-cement businesses drive growth (The Hindu Businessline 24th Jan 2008) Better performance from the sponge iron could helpGrasim Industries has posted December quarter numbers that were in line with market expectations.
The company registered a 35 per cent growth in net profits at Rs 553.79 crore for the quarter ending December 2007, on the back of a 15.5 per cent increase in sales. Profit margins grew by 3.89 per cent year-on-year and 0.95 per cent quarter-on-quarter.
Consolidated profits of the company also rose 29 per cent to Rs 722 crore with total income soaring to Rs 4,448 crore against Rs 3,732 crore a year ago.
Growth in net profit was driven mainly by contributions from caustic soda and sponge iron divisions of the company. More
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