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PTI Last Updated at 10-08-2018 21:34:39 IST India

Godrej Aerospace partners with GKN Aerospace

Mumbai, Aug 10 (PTI) Godrej Aerospace, a business unit

of Godrej & Boyce, has signed an agreement with British

company GKN Aerospace, which is leading multi-technology tier

1 aerospace suppliers, to manufacture specialised helicopter

fuel tanks.

Godrej will be setting up a cutting-edge manufacturing

facility to produce these specialised fuel tanks in

partnership with the British company.

With this Godrej is expanding its footprint in the

non-metallic category of the aerospace industry.

"We are certain that this partnership will establish

Godrej Aerospace as one of the key players in the market," the

company said in a statement.


Voltas reports flat net at Rs 187 cr

Air conditioning and engineering services provider

Voltas today reported a marginal decline in consolidated net

profit for the June 30 quarter at Rs 187 crore against Rs 188

crore a year ago.

Its total income increased 9 per cent to Rs 2134

crore, the company said in a statement issued here. Despite

stiff competition, market share improved to 23.5 per cent

during the quarter.

However, the segment revenue declined to Rs 1191 crore

from Rs 1,212 crore mainly due to uncertain weather,

unseasonal rains and lower customer offtake.

Its electro-mechanical projects and services segment

reported revenue of Rs 866 crore compared to Rs 661 crore. Its

current order book stands at Rs 4623 crore while engineering

products and services business revenue declined to Rs 77

crore from Rs 90 crore.


MMRDA to make 52 metro stations along 3 corridors green

The Mumbai Metropolitan Region Development Authority

will be developing all 52 elevated metro stations on the

Dahisar-DN Nagar Metro-2A, DN Nagar to Mandale Metro-2B and

Andheri (East) to Dahisar (East) metro-7 corridors under the

Indian Green Building Council (IGBC) Green MRTS rating.

Under this, all the 52 stations on the three metro

corridors will receive green certification on completion,

which will be issued by the IGBC in association with CII.

The green initiatives include using 100 per cent LED

base smart lighting, developing green car depot with use of

solar energy, water harvesting and using green technology in

rolling stock, among others.


Indostar Capital net plunges 38%

Mid-size NBFC Indostar Capital Finance today reported

a steep 38 per cent decline in net income at Rs 31.5 crore for

the June quarter from Rs 51 cr0re a year ago.

Its AUM rose 54 per cent to Rs 7,640.2 crore on strong

disbursements, the company said, adding its income rose 31 per

cent to Rs 141.6 crore.

While corporate loan book rose more than three times

to Rs 1,534.9 crore, retail book jumped over two times to Rs

725.7 crore and vehicle financing run rate touched Rs 110

crore a month.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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