Tuesday, July 27, 1999
Rural demand props HLL Q2 net up 25% to Rs 226.7 crore
FMCG-major Hindustan Lever (HLL) has posted a 24.87% increase in net profit to Rs 226.79 crore in the second quarter ended June 30, 1999, riding on a sudden rural demand pick-up during the period. The net profit in the corresponding period of 1998 was Rs 181.61 crore.
Satyam to expand equity base via private placement, ADR
The board of directors of Satyam Computer Services on Monday decided to expand the company's equity base through two stages, beginning with a private placement before end-August and culminating in an ADR issue towards the beginning of the next financial year.
PowerGen may double Gujarat plant capacity
UK-based PowerGen plans to double the capacity of its recently acquired 655mw dual fuel-fired power station in Paguthan in Gujarat to 1300mw. The expansion project has already received an in-principle approval from the Gujarat government.
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