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Larsen & Toubro today said it has received two orders worth Rs 2,155 crore from National Fertilisers Ltd (NFL) for converting the feedstock of ammonia plant to natural gas. The project involve changeover of the feedstock of the existing 900 tonnes per day (TPD) ammonia plant from fuel oil to natural gas, the company said. The scope of work includes process licence, engineering and construction of the plants. Both projects would be executed concurrently and are expected to be ready for commissioning by January-end 2013.

Ashok Leyland on Sunday reported 455 per cent jump in net profit for the quarter ended December at Rs 104.63 crore on the back of robust sales growth. The automobile manufacturer had registered a net profit of Rs 18.86 crore in the same quarter a year ago. Sales revenue was up 81 per cent at Rs 1,815.53 crore against Rs 1,004.49 crore in the corresponding period the previous fiscal. During the quarter under review, sales volume increased by 101 per cent at 16,129 units against 8,011 in the year ago period, the company said in a statement.

Suzlon Energy has posted a net profit of Rs 14.1 crore for the third quarter, ended December 31, 2009, against a net loss of Rs 64.87 crore in the third quarter last year. However net sales of the company stood at Rs 5,590 crore for the quarter on a consolidated basis, 19.24 per cent lower than the Rs 6,922 crore for the third quarter of last year. Suzlon said its net debt had declined by Rs 3,274 crore during the quarter. It had debts worth Rs 13,762 crore in September 2009 and this fell to Rs 10,488 crore in December 2009. The company said its order book (excluding subsidiaries Hansen and REpower) stood at 1,483.60 Mw, valued Rs 8,128 crore as on January 30. The company sold 327 Mw in India in the first nine months of 2009-10, and has a current order book position of 314.30 Mw for India. Its German subsidiary REpower has an order book of ¤1.7 billion as on December 31, 2009. Suzlon said it was in advanced stages of completing a broad-based refinancing and consolidation of its debt ...

Reliance Communications today said its consolidated net profit declined by 19.34 per cent to Rs 1,164.82 crore for the third quarter of 2009-10. The company had a consolidated net profit of Rs 1,444.17 crore for the same quarter last fiscal. Consolidated net income from operations decreased to Rs 5,283.67 crore for the quarter under review from Rs 5,671.82 crore for the same period previous fiscal.

GVK Power & Infrastructure today said its consolidated net profit surged over two fold to Rs 45.80 crore for the third quarter ended December 31, 2009, over the same period previous fiscal. Net sales of the company increased to Rs 473.50 crore for the latest quarter against Rs 104.34 crore for the same period last fiscal, GVK Power & Infrastructure said in a filing to the Bombay Stock Exchange (BSE). For the nine months ended December 31, 2009, the company posted a net profit of Rs 122.76 crore against Rs 93.31 crore for the same period last fiscal.

NHPC on Saturday reported a net profit of Rs 581 crore for the quarter ended December 31, 2009. The company had a loss of Rs 53.94 crore in the same quarter previous fiscal, NHPC said in a filing to the Bombay Stock Exchange. Total income rose to Rs 1,276.97 crore in the October- December quarter, from Rs 485.90 crore in the same quarter previous fiscal.

Gujarat State Petronet (GSPL) was promoted in 1998 by Gujarat government-owned companies led by Gujarat State Petroleum Corp (38% stake). It has a 1,283km pipeline network in Gujarat. It transmitted 15mmscmd of gas in FY09. Volumes are set surge sharply in FY10E. It has agreement with Reliance to transmit 11mmscmd (may rise to 14-20mmscmd) of gas from Bharuch to Jamnagar. Its volumes are mainly from KG D6 gas, Dahej and Hazira LNG terminals. Its main customers are Reliance, Torrent and Essar. GSPL offers the best pipeline connectivity in Gujarat, which is and will remain the largest gas consuming state in India. Most of the incremental gas in India will be from RIL. Only GSPL has a firm transportation agreement with RIL, which will mean 65-118pct rise in volumes over FY08 levels.