GMR Industries hit the 10 per cent upper circuit at Rs 87.85 after the company's board approved the acquisition of Alagawadi Bireshwar Sugars, which holds a license to set up and operate a 3500 tonnes of cannes per day (TCD) sugar mill at Raibagh in Karnataka.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The company also declared its results on Tuesday, registering a net profit of Rs 14.41 crore for Q4 FY08, as compared with a net loss of Rs 6.48 crore incurred during the same period last year. Turnover for the quarter increased 10 per cent to Rs 55.91 crore from Rs 50.82 crore. </P></p><p class='TableClas'></p></table>


GMR Industries firms up on acquiring sugar mill

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