Business - Briefly   

Visaka Industries net up 23 p.c.

HYDERABAD: Visaka Industries has commenced trial production of its expanded capacity in its synthetic blended yarn division. Commercial production would commence in September, a month ahead of schedule, said G. Vivekanand, Managing Director. Addressing a press conference here on Tuesday, he said Rs. 32 crores was invested in expansion to take the yarn capacity to 600 tonnes from 200 tonnes.

The Rs. 21 crore, 60,000 tonnes per annum asbestos cement unit proposed at Tumkur was awaiting environmental clearance, he said, while announcing results for the quarter ended June.The company recorded a 52 per cent growth in income at Rs. 54.96 crores and a 23 per cent growth in net profit at Rs. 2.79 crores, for the quarter, as compared to the corresponding period in the previous year. — Our Special Correspondent

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Updates: Breaking News |

Stories in this Section

• No compromise on agriculture, India tells WTO
• Another claimant for Birla's wealth
• Foreign investment in mining approved
• Jet Airways enhances frequent flyer programme
• Reliance net up 30 p.c. at Rs. 1437 crores
• Rupee gains further
• `Merger will be smooth'
• Sensex drops 42 points on FII selling
• Dr. Reddy's net dips 78 p.c.
• Plea for fair deal to Global Trust shareholders
• SBI first quarter net at Rs. 1058 crores
• Exchange rates
• Bullion rates
• Subex buys Alcatel arm
• BPL to transfer CTV business
• Evening trading in commodities
• Hewlett's new workstations
• Adidas official joins IMG
• Special micro finance unit inaugurated
• Projects received from broiler units
• Camlin Pharma enters personal care segment
• OBC bonds under rating watch
• Allianz Cornhill plans centre in Technopark
• ICFAI College to offer MBA programme
• Electrolux to introduce new products
• Oracle plans unit in Visakhapatnam
• Visaka Industries net up 23 p.c.
• Entrepreneurs awareness seminar
• IOB loan for TCS public offer
• New Chairman for NIPM Chennai chapter
• Mangalore Chemicals net up
• Vibank Housing shifts branch
• FCG to build software for Witness Systems

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu