ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Thermax, Indian Rayon and Industries, Century Textiles and Industries

THERMAX Change at the Helm Thermax is a global solution provider in energy and environment engineering. It offers products and services in heating, cooling, waste heat recovery, captive power, waste treatment and recycling, waste management and chemicals. The company

ACC, Cummins India, Tata Chemicals

ACC Rising Profitability The buoyancy exhibited by the Indian economy, continued growth in the housing sector and increased emphasis on infrastructure have enabled the cement industry to post a 6.6 per cent growth in output during 2004-05. ACC group

Hindustan Zinc, Ballarpur Industries, Jain Irrigation Systems, Pidlite industries, Indian oil Corporation

HINDUSTAN ZINC Capacity Expansion Hindustan Zinc (HZL), a Vedanta group entity, is said to be one of the lowest cost zinc producers in the world. The cost of production at HZL is estimated at $ 560 a tonne and this is expected to be reduced further. The company is undergoing a $ 300 million expansion in 2005-06. Its 154 MW captive power facilities will be operational within a short duration and will reduce the cost of power. As Asian countries plan to expand their infrastructure, the demand for zinc is likely to increase. Such rising demand assures a widening of the market for the company

Jindal Steels, Hindustan Lever, CIPLA, MRPL, Hindalco,Videsh Sanchar Nigam limited,

JINDAL STAINLESS Dramatic Turnaround Jindal Stainless is the flagship of the Jindal group with a turnover of over Rs 3,000 crore. The company is on an expansion drive, both through acquisitions and organic growth. The unit acquired by the company in November 2004 in Indonesia has generated cash profits in the first four months of operations. The company

Colgate Palmolive, Indian Oil Corporation, Mahindra and Mahindra, Tata Steel, Godrej industries, Tata Chemicals

COLGATE-PALMOLIVE Constrained by Discounts The fast-moving consumer goods (FMCG) segment has grown by about 6 per cent during 2004-05 thanks to consumer spending spree. Sadly, it has had little impact on the performance of the oral and personal care major, Colgate-Palmolive (CP). Toothpastes grew by 14 per cent in volume terms but price cuts announced during 2004 checked net sales growth to a paltry 2.7 per cent to Rs 964 crore (Rs 939 crore). Net profit rose by 17 per cent to Rs 108.1 crore (Rs 92.5 crore) during 2004-05. Under intense competition and tardy value growth, CP

Larsen & Toubro, SAIL, Britannia Industries, Bharat Forge, Hindustan Petroleum, ITC

LARSEN & TOUBRO Restructuring Larsen & Toubro (L&T) has demerged its cement unit, which is now called Ultra-Tech Cemco. L&T, with a leaner balance sheet but stronger product portfolio focuses on construction, turnkey project execution, heavy engineering, industrial machinery and products and electrical and electronics. The company has discontinued the operations of its Powai packaging unit and disinvested its glass container business. Its emphasis on restructuring to cater for the needs of international clientele has resulted in a fivefold increase in its international business; besides shielding it from fluctuations in the domestic market. The CMD A M Naik has said,

Bongaigaon Refinery, Shree Cement, Balkrishna Industries, Ashok Leyland, Crompton Greaves, Finolex Cables

BONGAIGAON REFINERY Helped by Higher Margins Bongaigaon Refinery (BR) has cashed in on the sharp spike in crude oil prices recently after a good show in terms of the highest crude throughput, LPG and motor spirit production, besides the highest ever distillates yield of 85.8 per cent on crude throughput in 2003-04. Another landmark was the lowest fuel and loss of 5.6 per cent in the same year. As a result, during 2004-05 the company

Power Grid Corporation of India, Sintex Industries, Zuari Industries, Maharashtra, Seamless, GlaxoSmithKline Pharmaceuticals, Rico Auto Industries

POWER GRID CORPORATION OF INDIA Decline in Sales and Profit Growth Power Grid Corporation of India is engaged in evacuation of power from generating stations, and it implements interregional schemes for exchange of power. It is concerned with the establishment and operation of regional and national power grids to facilitate transfer of power within and across regions. The company has paid an interim dividend of Rs 88 crore to the government for 2004-05. It has secured an overseas consultancy assignment from Bhutan Power Corporation for construction of a 220/66 KV substation at Pasakha Industrial Estate in Bhutan, at a fee of about Rs 97 lakh. In August 2004 it also secured a consultancy assignment for power system inter-connection between Ethiopia and Djibouti.

Siemens, Thermax, The Great Eastern Shipping, Punjab Tractors, Novartis, Asian Paints

SIEMENS Strategic Investments Siemens, a flagship of the German engineering conglomerate in India is engaged in the business of energy, building, information technology, communication, transportation, healthcare and lighting. The year 2004 witnessed an increase in net sales, though growth in profit before tax (PBT) declined, with a fall in other income. The company


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