HDFC Bank has declared its third quarter results of FY10. It has reported jump of 31.51% in its Q3 net profit of Rs 818 crore as against Rs 622 crore in the same quarter of previous year. Net interest income (NII) was at Rs 2,223 crore. Other income went down at Rs 853 crore from Rs 939.4 crore and provisions declined to Rs 447.7 crore versus Rs 531.8 crore. Capital adequacy ratio (CAR) stood at 18.3% and gross non-performing assets (NPA) slipped to 1.6% versus 1.8%.
Jyoti Structures on Tuesday said it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines. The company has bagged Rs 160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and sub-stations. Besides, the company's joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line. The scope of the order from Uganda Electricity Transmission Company includes supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange. The contract valued at around $39.64 million (Rs 160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 kV and 132 kV transmission lines and substations.
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