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Aurobindo back in black with Rs 103 cr profit
Aurobindo Pharma, Hyderabad-based manufacturer of generic and active pharmaceutical ingredients reported a net profit of Rs 103.2 crore for the quarter ended September 30, 2009, as against a net loss of Rs 38.4 crore during the corresponding period last year. Revenues were up 24.42 per cent to Rs 882.64 crore as compared with Rs 709.4 crore last year.

Tata Steel Global ups stake in Riverdale to 19%
Tata Steel Global Mineral Holdings, a unit of Tata Steel, today said it has increased its stake in Australia-based Riverdale Mining Ltd to 19.38 per cent through market purchases.

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Fiat India may consider price hike
Carmaker Fiat India Automobiles today said it will consider raising prices of its products as the margins are under pressure.
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Areva T&D India bags order from PowerGrid

Areva T&D India, an arm of French firm Areva, today said it has bagged a Rs 150-crore order from central transmission utility PowerGrid for executing a 765 KV substation. - Sterlite Energy bags 1st ultra mega power transmission project - Areva bags Rs 1,200-cr power project from JSPL">Areva bags Rs 1,200-cr power project from JSPL - PowerGrid Q4 net up 156% - PowerGrid bags Rs 1,033 cr transmission project from PSEB - Areva T&D India bags Rs 110 cr contract - PowerGrid to raise up to Rs 3,000 cr "Areva T&D India has recently won an order worth Rs 150 crore from PowerGrid Corp for executing a 765 KV extra high voltage substation at Jaiti Kalan in Delhi," a company statement said. "We are confident that the localisation program initiated at our new plants with T&D equipment built and serviced locally, is a key differentiator that will help us to build the 765 KV extra high voltage substation," Rathin Basu, Country President and Managing Director, AREVA T&D India, said.


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