Business   

AL to set up plant in Uttaranchal

NEW DELHI: Commercial vehicles major Ashok Leyland has decided to set up a plant in Uttaranchal and will invest around Rs. 1,100 crore in the new facility. According to sources, the Hinduja Group company would set up base at a 175-acre plant in the Pantnagar area of the hill state, which offers excise and income tax breaks to investors. The decks have been cleared and the company would be handed over the land shortly, the sources said. — PTI

Q2 net profit up

Corporate Desk adds:

Meanwhile the company has reported a total income (net of excise) of Rs. 1,709.38 crore in the second quarter ended September 30, 2006, against Rs. 1,267.08 crore in the year-ago period. The net profit has risen to Rs. 95.36 crore from Rs. 75.02 crore.

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

Stories in this Section

Sensex scales 13000
Tata Motors' net up 31 p.c.
SAIL net up 28 p.c. in Q2 at Rs. 1,443 cr.
ITC posts higher profit
Tata Steel maintains profit
Indian Bank H1 net profit up 38 p.c.
AL to set up plant in Uttaranchal
Reliance Comm. Q2 net at Rs. 702 cr.
NTPC posts 26.68 p.c rise in Q2 net profit
Workshop on forex management
Declare Kerala an organic farming State: Joseph
Sharp rally in rupee
Bullion rates
Exchange rates
RBI releases mid-term report
Booklet on medicines
Rajiv buys majority stake in Asianet
Mittal elects new directors
Madras Cements' profit zooms
L&T inaugurates switchgear factory in China
HCL's facility in Uttaranchal
Henkel bets on industrial adhesives business
CUB fixes cap on foreign investors
South Indian Bank to open 25 branches
Syndicate Bank Q2 net up 17 p.c.
DLF plans to invest Rs. 12,000 crore in M.P.
Priyadarshini records 33 p.c. growth
QuEST enters aerospace manufacturing
PNB's net profit up by 20 p.c.
ICSA Q2 net profit spurts
Subex Azure to raise funds through GDRs
50 p.c. growth in OBC net
Sequoia Capital invests in Paras Pharma
Gokaldas Exports to split stock

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu