GTB Q4 net at Rs 101.40 million, FY-02 net down by 49.88%

Global Trust Bank Ltd has posted a net profit of Rs 101.40 million for quarter ended March 31, 2002 as compared to a net loss of Rs 227.10 million for corresponding period last fiscal. The total income has decreased from Rs 3010.6 million in MQ 2001 to Rs 2133.20 million in MQ 2002 The Company has posted a net profit of Rs 402.60 million for FY-02 as compared to Rs 803.30 million for FY-01.The total income has decreased from Rs 10619.40 million in FY-01 to Rs 9534.60 million in FY-02. The Board of Directors recommended Dividend of Re 1 per share i.e; @ 10% subject to necessary approvals.

India Cements Q4 net at Rs 379.40 million, FY-02 net loss at Rs 8.10 million

India Cements Ltd has posted a net profit of Rs 379.40 million for quarter ended March 31, 2002 as compared to Rs 133.50 million for corresponding period last fiscal. The total income (net of excise) has decreased from Rs 3418 million in MQ 2001 to Rs 3413.80 million in MQ 2002 The Company has posted a net loss of Rs 8.10 million for FY-02 as compared to a net profit of Rs 481.50 million for FY-01.The total income (net of excise) has decreased from Rs 12664.50 million in FY-01 to Rs 11437.90 million in FY-02. Other Income for the current year includes an extraordinary income of Rs 1188.90 million by way of Profit on sale of Investments representing the Company's stake in Sri Vishnu Cement Ltd.

JaiPrakash Industries Q4 net at Rs 589.30 million, FY-02 net at Rs 1279.80 million

JaiPrakash Industries Ltd has posted a net profit of Rs 589.30 million for quarter ended March 31, 2002 whereas the same was Rs 344.90 million for corresponding period last fiscal. The total income was Rs 6818.50 million in MQ 2001 whereas the same is Rs 4692 million in MQ 2002 The Company has posted a net profit of Rs 1279.80 million for FY-02 whereas the same is Rs 987.50 million for FY-01.The total income was Rs 17319.30 million in FY-01 whereas the same is Rs 16168.20 million in FY-02. The results for the quarter ended March 31, 2002 and year ended March 31, 2002 are not comparable as the corresponding quarterly and yearly figures of the previous year also include the operations of Cement division, which has been hived off w.e.f April 1,2001. Other income for the year includes Rs 180 million as slump sale consideration for hive off of Cement Division The Board has recommended a final dividend of 5% for the year ended March 31,2002.

BOC India enters into an agreement with TISCO for supply of oxygen

BOC India Ltd has informed BSE that the Company has entered into an agreement with Tata Iron & Steel Company Ltd for supply of gaseous oxygen to them under a 15 year supply contract. For this purpose the Company proposes to commission a 225 tonnes per day Air Separation Unit Plant at Jamshedpur.

Alstom Power India FY-02 net at Rs 398.20 million

Alstom Power India Ltd has posted a net profit of Rs 398.20 million for financial year ended March 31, 2002 (fifteen months period) whereas the same was Rs 113.10 million in FY-00. The total income for FY-02 (comprising of 15 months) is at Rs 8104.60 million whereas the same was Rs 2844.40 million in FY-00 The results are not comparable as the year ended on March 31, 2002 is a 15-month period and the previous year ended on December 31, 2000 is a 12 month period.

Global Infrastructure members approve issue of shares to FD holders in lieu of repayment of their entire dues

Global Infrastructure & Technologies Ltd has informed BSE that at the EGM of the Company held on June 28, 2002 shareholders have approved, to issue and allot, not more than 2,10,500 equity shares of Rs.10/- each at par to those of the Fixed Deposit holders of the Company, who have consented to accept the allotment of shares in lieu of repayment of their entire dues of Fixed Deposit amounts kept with the Company.

Indo Rama Synthetics resolution for payment of dividend deferred at AGM

Indo Rama Synthetics India Ltd has informed BSE that the resolution for payment of dividend, which was subject to the approval of the Central Govt. was not taken up at the AGM of the Company held on June 28, 2002 with the consent of the shareholders, as the Central Govt.'s approval was not received by the Company till then.

Ador Technopak board takes on record high court order pertaining to amalgamation of Ador Finance

Ador Technopak Ltd has informed BSE that the Board of Directors of the Company at their meeting has decided as under: 1. Took on record the order of Hon'ble High Court at Mumbai dated January 10,2002 received on February 16, 2002 regarding amalgamation of Ador Finance Ltd. with Ador Technopak. 2. Allotted 39,46,100 - Zero Coupon NCDs of Rs.10/- each of the Company debentures to the shareholders of Ador Finance Ltd. who had not exercised the cash option pursuant to amalgamation order passed by the High Court Judicature at Mumbai.

Tata Finance Q3 net loss at Rs 444.11 million, FY-02 net loss at Rs 1174.58 million

Tata Finance Ltd has posted a net loss of Rs 444.11 million for quarter ended March 31, 2002 whereas the net profit was Rs 44.26 million for corresponding period last fiscal. The total income has decreased from Rs 1457.74 million in MQ 2001 to Rs 1089.52 million in MQ 2002 The Company has posted a net loss of Rs 1174.58 million for FY-02 (comprising of nine months) as compared to a net loss of Rs 3955.62 million for FY-01.The total income for FY-02 (comprising of nine months) is at Rs 3440.34 million whereas the same was Rs 5458.53 million in FY-01. Extra ordinary item for the current year is at Rs 1116.39 million which represents provision against exposure on Inter Corporate Deposits, permanent diminution in value of Long Term Investments and refund of Dividend to an erstwhile subsidiary. The Company has changed its accounting year to end on March 31, and as such the figures for the period ended March 31, 2002, are for nine months and hence not comparable with those of the previous year.

Kothari Products appoints consultant to advise on best possible option of restructuring

Kothari Products Ltd has informed BSE that the Board of Directors of the Company at its meeting held today (June 28, 2002) discussed concerns about the future and survival of Gutkha Industry in view of ban already imposed by some states and a proposal of a Central Minister to ban the same through-out the country. Considering uncertain future of the industry, various options were considered including in particular to restructure the capital and in the process give an exit opportunity to small shareholders at fair price. The Board appointed a consultant to advise on best possible option considering the interest of the Company and shareholders.