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UltraTech Q2 net profit flat at Rs 1,310 cr, revenue rises 16%

Aditya Birla group firm UltraTech Cement Ltd on Monday reported a consolidated net profit of Rs 1,310.34 crore for the quarter ended in September 2021 against Rs 1,310.06 crore in the year-ago quarter on account of sharp rise in coal and pet coke prices. However, its revenue from operations was up 15.69 per cent to Rs 12,016.78 crore during the quarter under review as against Rs 10,387.14 crore in the corresponding period of the last fiscal, UltraTech Cement said in a BSE filing.

NCLT allows Reliance Retail's shareholders to hold meetings for Future deal

The National Company Law Tribunal (NCLT) on Monday allowed Reliance Retail Ventures Ltd (RRVL) and Reliance Retail & Fashion Lifestyles Ltd (RRFLL) to hold extraordinary general meetings (EGMs) of their shareholders and creditors to acquire Future Group’s businesses. The NCLT said the objections raised by American retail giant Amazon were premature and could be dealt with later. On September 28, the NCLT had allowed six Future Group companies to hold meetings of their respective shareholders and creditors. Lawyers said the NCLT permission to hold the meeting was a preparatory step. The Supreme Court will take the final decision.

L&T Infotech Q2 net profit rises 21% to Rs 552 cr, revenue up 26%

LTI (Larsen & Toubro Infotech) on Monday reported net profit of Rs 552 crore for the second quarter ended September 30, 2021, up 21 per cent year-on-year and 11 per cent sequentially. Strong demand led to revenue at Rs 3,767 crore, up 25.6 per cent yoy and 8.8 per cent sequentially. The management said that this was the strongest sequential growth the company has witnessed, taking its annual revenue run rate to cross $2 billion.

Sterlite Power wins order for Rs 324-crore transmission project

Sterlite Power on Monday said it has bagged Nangalbibra -Bongaigaon inter-state power transmission project worth Rs 324 crore. "Sterlite Power, a leading private sector power transmission infrastructure developer and solutions provider, has been awarded the Nangalbibra-Bongaigaon interstate power transmission project worth Rs 324 crore through tariffbased competitive bidding (TBCB) by virtue of emerging as the L1 bidder," a company statement said. The project elements consist of a new 220/132 kV substation at Nangalbibra and laying of 130 km of 400kV D/c transmission line connecting Bongaigaon in Assam to Nangalbibra in Meghalaya across the river Brahmaputra, it added.

Tata Coffee Q2 net up 26.55% to Rs 53.66 crore

Tata Coffee on Monday reported a 26.55 per cent growth in consolidated net profit during the September quarter at Rs 53.66 crore. The company's consolidated net profit during the corresponding quarter of the previous fiscal stood at Rs 42.40 crore, Tata Coffee said in a BSE filing. Total income grew by 1.40 per cent during the second quarter of this fiscal to Rs 554.32 crore, compared to Rs 546.63 crore earlier.

Adani Ports & SEZ raises Rs 1,000 crore through non-convertible debentures

Adani Ports and Special Economic Zone (APSEZ) on Monday said the company has raised Rs 1,000 crore by allotment of secured, redeemable, and non-convertible debentures (NCD) on the private placement basis.

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