Minda Corporation has reported results for second quarter ended September 30, 2018. The company has reported a rise of 56.55% in its net profit at Rs 45.18 crore for the quarter under review as compared to Rs 28.86 crore for the same quarter in the previous year. Total income of the company increased by 33.25 … Read more
Kothari Industrial Corporation has incorporated a subsidiary company named as ‘Kothari Marine International’ which is registered with the Registrar of Companies, Chennai on July 13, 2018. The objective to form subsidiary company is in furtherance to business development and restructuring plans of the company. Kothari Industrial Corporation produce high-quality fertilizers and insecticides catering to the … Read more
Birla Corporation has received an approved for proposal to start test marketing of construction chemicals and additives to extend the M.P. Birla franchise. The new products belong to the construction industry and falls under construction chemicals and additives category. New products have business synergy with the company’s existing cement business and will be sold through … Read more
Chennai Petroleum Corporation has reported results for second quarter ended September 30, 2018. The company has reported a fall of 91.42% in its net profit at Rs 27.04 crore for the quarter under review as compared to Rs 315.08 crore for the same quarter in the previous year. However, total income of the company increased … Read more
India Ratings and Research (Ind-Ra) has upgraded Minda Corporation’s Long Term Issuer Rating to ‘AA-’ from ‘A+’. Rating upgrade highlights strengthening of the business portfolio and financials of Minda Corporation largely aided by a growth in its core business, both domestic and exports. The company has also increased its focus on technological driven products like … Read more
Power Grid Corporation of India is reportedly planning to ink pact with Uttar Pradesh Power Transmission Corporation to form an equal joint venture company to strengthen the intra-state transmission network. The joint venture company will have to secure a transmission licence from the Uttar Pradesh Electricity Regulatory Commission. Moreover, the central ministry of power and … Read more
