Wednesday, August 11, 1999
Sterlite net slows down
Despite a 45 per cent rise in sales turnover, Sterlite Industries has registered a meagre three per cent rise in its net profit during fiscal ended June 1999 to Rs 160.80 crore from Rs 156.67 crore last year.
SSI to buy Indigo for Rs 12 cr
SSI Ltd is planning to acquire Indigo International of Delaware in the USA, a holding company having subsidiaries in California and Chennai.
TEC plans internet foray
Tata Electric Companies is exploring opportunities to diversify into internet services and plans to give greater thrust to telecom sector.
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