Company news
- LIC tenders entire 14.38% in India Pfizer open offer; Pfizer Inc open offer for India unit was priced at Rs 830/sh
- EI Agro said that the company has raised $ 37.5 million. There were a dozen investors from SE Asia and Europe.The QIP objective was to retire debt. The company requires the money phase wise. Management said that the company may do another offering in the current year.
- Jaiprakash Associates total income stood at Rs 2116.86 crore, up by 77% from Rs 1194.68 crore. PAT stood at Rs 491.18 crore, up 292% from Rs 125.21 crore. EPS stood at Rs 3.50. Operating margin was of 28.6%, PAT margin was of 23.7% as against 10.80%. Cement dispatches in Q1FY10 was at 24.08 lakh MT, up 30% Vs 18.46 lakh MT in Q1FY09. Segmental Division Results Highlights (Q1FY10): Turnover from Cement Division (including cement products) at Rs 905 crore vs Rs 577 crore registering growth of 57%. Turnover from Engineering Division (including Wind Power) at Rs 1084 crore vs Rs 506 crore, registering growth of 114%. Turnover from Real Estate stood at Rs 95 crore vs Rs 75 crore registering a growth of 26%.
