| Electrical equipment manufacturer Areva T&D India today announced a 75 per cent increase in its net profit for the quarter ended March 31, 2007 at Rs 35 crore against Rs 20 crore in the year-ago period. |
| The company said it would invest Rs 400 crore over the next three years for expanding its manufacturing capacity. It was planning to set up a transformer factory at Vadodara in Gujarat that would entail an investment of Rs 200 crore, a company release said. |
| The factory would commence production in December 2008, it said, adding that the company was also planning to expand its Bangalore instrument transformers unit. |
| State Bank of Patiala net at Rs 366 cr |
| State Bank of Patiala has reported a net profit of Rs 366 crore for 2006-07 and has declared a dividend of 400 per cent. |
| The bank's total business crossed Rs 68,000 crore, the bank said in a release. Personal deposits grew to Rs 1,835 crore in 2006-07, an all time high for the bank. The capital adequacy of the bank stood at 12.38 per cent. |
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