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GAIL India on Monday reported a 57% jump in its fourth-quarter net profit on the back of better petrochemical and LPG prices and drop in subsidy outgo.
Wockhardt on Monday reported nearly 78% drop in consolidated net profit at Rs 74.45 crore for the quarter ended March 2014 mainly due to regulatory issues with US and UK health regulators.
Global energy major Royal Dutch Shell is in talks with the Andhra Pradesh government for buying up to 24% stake in the planned Kakinada liquefied natural gas project on the east coast, GAIL chairman B C Tripathi said on Monday.
Jubilant Life Sciences today said its subsidiary will receive $147.5 million (over Rs 860 crore) funding from IFC, a member of the World Bank Group, to strengthen its generic drug manufacturing facilities.
Sterlite Technologies said its arm Sterlite Grid Ltd has been awarded sixth ultra- mega transmission project (UMTP) on build-own-operate basis by the Ministry of Power.
Britannia Industries' net profit grew 17% to Rs 108 crore for the fourth quarter ended March over the corresponding period of last year.
