In his address to the Shareholders on the occasion of 29th Annual General Meeting of the Company, Chairman Shri B G Bangur said that Company has completed all its expansion projects within time and budgeted costs. He said the Company has decided to set up another clinker production unit at Ras and a split grinding unit at Suratgarh.

On the cement demand outlook, he said that as a result of unabated inflation, the macro economic environment is not conducive to sustain the trend of high growth observed over last three years. However, all round infrastructure activity and continued strong housing demand is expected to keep cement demand growth intact. Upcoming dedicated freight corridor, the industrial corridor planned alongside thereto and Commonwealth Games 2010 shall be a major booster to cement demand in North India.

He said that globally stakeholders’ preference is increasingly shifting towards sustainable organizations i.e. those who provide equal emphasis on economic, social and environment. Shree Cement continued its efforts to sustain its feat in these three bottomlines. Company accords top priority to initiatives that contribute to the decarbonisation of its operations. Its Waste Heat Recovery Project completed in 2007-08 is an act in this direction. Company plans to add more such projects in the coming year. Company has joined hands with state govt. to build roads around its plants. These roads together built over more than 60 Kms stretch have smoothened traffic movement and shortened the distance. Besides they are serving as a civic convenience to the local community. In line with its commitment to improve the health and safety standards of the local community, Company sponsored setting up a neurological centre at the Jawaharlal Nehru Hospital in Ajmer. It also contributed towards renovation of the Budha Pushkar site at Pushkar.

Company also held the meeting of its Board of Directors today for approving the Results of June, 2008 Quarter. Company has posted 39% increase in its topline from Rs. 441 Cr. to Rs. 614 Cr. Net Profit has however shown a small dip at Rs. 111 Cr. against Rs. 117 Cr. recorded in the corresponding quarter of last year. This was mainly because of spiraling energy prices leading to sharp increase in its power and fuel bill.

During the quarter Company has bagged the prestigious Golden Peacock Award for combating Climate Change. The award is in recognition of its multiple initiatives in the direction of reducing carbon emissions and excellent Environment Management Practices.

Source: Press release distribution via India PRwire

The un-audited consolidated net profit after tax for the first fiscal quarter was Rs. 9.99 crore vs Rs. 11.95 crore a year ago. Consolidated Q1 net sales were Rs 162.05 crore from Rs 252.13 crore a year ago. The decline in net profit and revenue on a consolidated basis was on account of the demerger of the non logistics businesses and the discontinuing businesses of Sical.

The consolidated profit before tax and extraordinary items was Rs 10.71 crore from Rs 15.17 crore a year ago. The extraordinary items represent the net loss on restating foreign currency convertible bond loan and deposits/ bank balances in foreign currency.

On the results, Ashwin C Muthiah, Chairman, Sical Logistics said, “Our performance in Q1 FY09 is in line with expectations- the logistics business has stabilized and the infrastructure projects are progressing as per schedule.”

“We commenced operations of our container train business in March this year and will receive delivery of the second rake by end July ‘08. Our Nagpur Road terminal is in advanced stages of financial closure, likely to be achieved by end July ‘08. We initiated work on the Sical iron ore terminal with the ground-breaking ceremony at the terminal site in Ennore on 16th July ‘08. The common user terminal will be one of the largest iron ore terminals in Asia with a capacity of 12 million tons.” said Ashwin Muthiah, Chairman, Sical Logistics

“We continue to strengthen our businesses and explore new business opportunities to fuel growth and are confident of achieving our goals for FY 2009.” added Ashwin Muthiah, Chairman, Sical Logistics.

Source: Press release distribution via India PRwire

About Sical

Sical Logistics Ltd is India’s leading provider of integrated solutions for multimodal bulk and containerized logistics and offshore logistics, annually handling nearly 22 million tonnes of bulk cargo and 500,000 TEUs of containerized cargo.

Sical provides services in the following segments:

• Bulk—stevedoring; port terminals; CHA and shipping agency; trucking; railroad; warehousing
• Container—container terminals; ICD; CFS
• Offshore—platform supply vessel; cutter suction dredger

Sical's delivery network includes an exclusive walk-in berth at Chennai for ships carrying bulk cargo; a container terminal at Tuticorin; 450,000 square feet of storage across over 100 warehouses; owned and regularly contracted fleet of nearly 2500 transport vehicles; container freight stations at 3 locations across India; Sical Torino, a deepwater capable platform supply vessel in North Sea, and Sical Portofino, a newly built cutter suction dredger.

For the twelve months ended June 27, 2008, Seagate reported revenue of $12.7 billion, GAAP net income of $1.3 billion, and diluted net income per share of $2.36. GAAP net income and diluted net income per share includes approximately $113 million of purchased intangibles amortization and other charges associated with Seagate’s recent acquisitions and also a net gain from asset sales of approximately $19 million. Excluding these items, non-GAAP net income and diluted net income per share were $1.4 billion and $2.54, respectively. Included in both GAAP and non-GAAP results are restructuring and other charges of approximately $88 million or approximately $0.16 per share.

"We delivered strong growth in fiscal year 2008, with unit volume and revenue up 15% and 12%, respectively over fiscal year 2007, and with net income of $1.3 billion," said Bill Watkins, Seagate chief executive officer. "Sequentially, our market-leading share positions remainedunchanged in the enterprise and desktop markets, we grew our leading share position in the consumer electronics market, and we grew share in the notebook and retail markets. Were it not for some product execution issues in the notebook and nearline markets, we believe we would have delivered an even stronger quarter and year, with improved share positions. We have now made significant strides in reclaiming our product leadership in these areas. While we expect that the residual effects of the previously missed execution will be reflected in the first quarter, we believe that we will grow revenue and improve earnings throughout the remainder of FY2009."

A reconciliation of adjustments made to GAAP net income and diluted net income per share can be found following the financial statements included with this press release. Additional information relating to the financial results for the fourth fiscal quarter of 2008 can be found online at seagate.com.

Business Outlook

For the September quarter, Seagate expects to report revenue of $3.15 - $3.3 billion, and GAAP diluted net income per share of $0.18 - $0.22. Adjusting for approximately $20 million of purchased intangibles amortization and other charges associated with past closed acquisitions, non-GAAP diluted net income per share

for the September quarter is expected to fall within the range of $0.22 - $0.26. The GAAP and non-GAAP outlook for the September quarter does not include restructuring costs or accelerated depreciation charges relating to the previously announced closing of our substrate operations in Limavady and the finished media operations in Milpitas. Additionally, the outlook does not include the impact of any future acquisitions, stock repurchases or potential restructuring activities the company may undertake during the quarter. For fiscal 2009, Seagate believes the demand trends for storage continue to support healthy industry unit growth of 10-15% and industry revenue growth of 5-10%. Specific to Seagate, the company is confident that its performance relative to time-to-market, inventory management and its overall cost structure will improve as it executes the plans that are currently in place. Financial performance improvement will be incremental as the company implements numerous changes across the business during the first half of the fiscal year. As such, Seagate expects gross margins to begin improving with the December quarter and settle into the targeted range of 21-25% for the balance of the fiscal year.

Dividend and Stock Repurchase

The company has declared a quarterly dividend of $0.12 per share to be paid on or before August 15, 2008 to all common shareholders of record as of August 1, 2008. During the quarter ended June 27, 2008 the company purchased, under a 10b5-1 qualified stock repurchase plan, 9.1 million of its common shares at an average cost of $21.36. The company has authorization to purchase approximately $2.0 billion of additional shares under the current stock repurchase program.

SEAGATE TECHNOLOGY
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions) (Unaudited)

June 27, 2008

June 29, 2007 (a)

ASSETS

Cash and cash equivalents

$ 990

$ 988

Short-term investments

151

156

Accounts receivable, net

1,410

1,383

Inventories

945

794

Deferred income taxes

274

196

Other current assets

502

284

Total Current Assets

4,272

3,801

Property, equipment and leasehold improvements, net

2,464

2,278

Goodwill

2,352

2,300

Other intangible assets

111

188

Deferred income taxes

616

574

Other assets, net

305

331

Total Assets

$ 10,120

$ 9,472

LIABILITIES AND SHAREHOLDERS’ EQUITY

Accounts payable

$ 1,652

$ 1,301

Accrued employee compensation

440

157

Accrued expenses, other

825

786

Accrued income taxes

10

75

Current portion of long-term debt

360

330

Total Current Liabilities

3,287

2,649

Other non-current liabilities

367

353

Long-term accrued income taxes

210

―

Long-term debt, less current portion

1,670

1,733

Total Liabilities

5,534

4,735

Shareholders’ Equity

4,586

4,737

Total Liabilities and Shareholders’ Equity

$ 10,120

$ 9,472

(a) The information in this column was derived from the Company’s audited consolidated balance sheet as of June 29, 2007.

Source: Press release distribution via India PRwire

About Seagate

Seagate is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate’s business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, with the goal of being the low cost producer in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world’s growing demand for information storage. Seagate can be found around the globe and at www.seagate.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements related to the company’s future operating and financial performance, including expected revenue, net income and diluted earnings per share (presented on a GAAP basis as well as on a non-GAAP adjusted basis), price and product competition, customer demand for our products, and general market conditions. These forward-looking statements are based on information available to Seagate as of the date of this press release. Current expectations, forecasts and assumptions involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those anticipated by these forward-looking statements. Such risks, uncertainties, and other factors may be beyond the company's control. In particular, such risks and uncertainties include the impact of the variable demand and the aggressive pricing environment for disc drives, particularly in view of current economic conditions; dependence on Seagate’s ability to successfully qualify, manufacture and sell its disc drive products in increasing volumes on a cost-effective basis and with acceptable quality, particularly the new disc drive products with lower cost structures; the impact of competitive product announcements and possible excess industry supply with respect to particular disc drive products; our ability to achieve projected cost savings in connection with our announced restructuring plans; and market conditions and alternative cash imperatives which could impact our ability to repurchase stock. Information concerning risk, uncertainties and other factors that could cause results to differ materially from those projected in the forward-looking statements is contained in the company's Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on August 27, 2007 and in the company's Quarterly Report on Form 10-Q as filed with the U.S. Securities and Exchange Commission on April 29, 2008, which statements are incorporated into this press release by reference. These forward-looking statements should not be relied upon as representing the company's views as of any subsequent date and Seagate undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.

The company posted PAT of Rs 884.57 lacs, a hop of 127% over Rs 389.57 lacs in the last fiscal. Net Income rose 77 % to Rs 4253.72 lacs, up from Rs 2399.74 lacs for the same period last year.

“Omnitech’s ongoing endeavour to excel in Remote Infrastructure Management and business continuity services has led to enhanced revenues. We hope to scale up our operations in the coming quarters through both organic and inorganic routes.” said Mr. Atul Hemani, Managing Director, Omnitech InfoSolutions.

EPS stands at Rs. 6.73 at present as compared to Rs. 4.11 in the last fiscal. The company has proposed a dividend of 12% for the last fiscal year 2007-08.

The company continues to enjoy the leadership in the area of Business Continuity and Disaster Recovery Services and has established world class practices for Remote Infrastructure Management and Performance Management Services.

Source: Press release distribution via India PRwire

About Omnitech InfoSolutions Ltd.

Omnitech InfoSolutions Ltd provides Business Availability Services including Infrastructure Management Services, Application Management Services & Performance Management Services. It also provides Business Continuity Services which include DR Consulting & Management, Data Vaulting Services and Workplace Recovery Services. Turnkey IT solutions like Server & Storage Consolidation, Virtualization, Network Integration Solutions and Data Center Management Solutions are also covered by Omnitech.

Company business is spread across the US, Canada, UK, Belgium, Bahrain and Japan. The client base encompasses sectors like BFSI (Banking, Financial Services and Insurance), Manufacturing, Utilities, Services and IT & ITES organisations.

Regarding this recent development, Rupinder Khurana, Co-Founder and Director, Rupiz Infotech, stated,“PaisaWaisa was created with the sole purpose of providing the Indian audiences with the facility of doing everything related to finance on the internet. Further, we wanted to introduce the concept of comparison services, something unheard of in the country, but a fairly popular one in the UK.” The Rupiz Infotech Group, launched in 2003, was initially actively involved in the UK online market in the domains of finance and e-commerce. They have now set their sight on the Indian markets with a wide array of projects, one of which is PaisaWaisa.

According to a report, more than 3 crore taxpayers had filed their returns in 2007-08, with 21.93 lakh filings online, up from 3.7 lakh in FY 2006-07. These figures clearly suggest that filing taxes online is not only convenient, but also gainnig popularity among the masses. Parul Dubey, Co-Founder and Business Development Head, PaisaWaisa.com, stated,“With the internet spreading its reach across the country, online tax filing is surely the next big thing to happen to the Indian online finance scenario. Not only does it ensure filing of documents in the proper order, but also saves one from the cumbersome processes of filing tax returns manually.”

For additional information on the news that is the subject of this release ( or for a sample, copy or demo ), contact Webmaster or visit http://www.paisawaisa.com

Source: Press release distribution via India PRwire

Mr Kishore Biyani, Group CEO, Future Group said: “By introducing insurance products to customers who are visiting shopping malls and modern retail outlets we have been able to acquire a significant number of individuals who had never bought an insurance product before. While we will continue to expand the traditional channels of insurance distribution like agency network, branch network, alternate and corporate network, Mallassurance™ will help us create a market among the younger generation of customers who till now were not being attracted by existing insurance players.”

Future Sanjeevani, which is in line with the Future Group’s and the Generali Group’s philosophy of offering maximum value to each customer, is aimed at addressing the needs of the Indian customer at various stages of their lives like the life-giving herb - Sanjeevani

Mr. Sergio Balbinot, CEO Generali Group, added: “We are very pleased with such a positive response by the market, which validates Future Generali’s vision to serve its customers also exploiting alternative models. When we joined forces with the Future Group, Kishore Biyani and myself agreed that innovation would have played a fundamental role in the execution of our Indian strategy. I am now even more convinced that product and distribution Innovation as proved by Mallassurance and the products specifically dedicated to this channel will increasingly become a source of competitive advantage for our presence in India.”

Future Sanjeevani offers comprehensive features like coverage up to 99 years, premium payment option of Single Premium, 5,10,15 & whole of Life. It also has four Optional Riders & additional loyalty units. Future Generali India Life Insurance Company intends to distribute this product through their multi channel distribution network and in all the 43 branches across 31 locations all over India.

Future Generali has introduced an innovative channel of providing Total Insurance Solutions through Mallassurance™ in May 2008, effectively employing the Future Group’s impressive retail presence like Big Bazaar, Food Bazaar, Pantaloon, E-Zone, Home Town and others providing yet another value addition to the lives of customers. Through Mallassurance™, Future Generali offers numerous Insurance products to the millions of customers who have made the Future Group’s stores a part of their lives.

The customer, the end user in any innovation, has adopted the Mallassurance™, wholeheartedly, which is evident from the resounding success of the channel. By selling simple, over-the-counter Insurance products like Personal Accident, Home Protection plans and Simple Endowment, Future Generali’s Mallassurance™ connected with the customer like none before.

Source: Press release distribution via India PRwire

About the Company:

Future Generali is a joint venture between India-based Future Group and Italy-based Generali Group.

The Generali Group is one of the most significant participants in the global insurance and financial products market. It is ranked among the world’s top five insurance companies. The Group’s Parent and principal operating Company is Assicurazioni Generali, market leader in Italy, founded in 1831 in Trieste. Characterised from the outset by a strong international outlook and now present in 40 countries, Assicurazioni Generali has consolidated its position among the world’s leading insurance operators. In the last decade, the Group has widened its product offerings from only insurance to include the entire range of financial and real estate services, asset management.

Future Group is India’s leading consumer-focused business group with presence in retail, consumer finance, capital and investment advisory, insurance, media, brand development and logistics. The group’s retail presence extends to over 61 cities and 65 rural locations across the country.

Future Generali is present in India in both the Life and Non-Life businesses as Future Generali India Life Insurance Co. Ltd. and Future Generali India Insurance Co. Ltd.

For the year ended March 31, 2008, PAT climbed 177.62% YoY to Rs. 21 crore from Rs. 7.56 crore. The company’s Net Sales for FY08 stands at Rs. 306.30 crore, as against Rs. 144.80 crore last year, a hop of 111.52%.

“Steady growth, together with our progress till date strengthens our resolve to be the most innovative and efficient contributor to the Indian power industry.” said Mr. Sunil Gutte, Joint Managing Director, Sunil Hi-Tech Engineers Ltd.

In April, Sunil Hi-Tech bagged projects amounting to Rs.100.68 crore from JSW Steel and NTPC.

Source: Press release distribution via India PRwire

About Sunil Hi-Tech Engineers Ltd.

Sunil Hitech Engineers Ltd. (SHEL) specializes in fabrication, erection, testing and commissioning of Thermal Power Plants with high precision quality and timeliness. SHEL offers a diversified assortment of products and services catering to the Power, Process and Piping Industries as well as Sugar Industries, Steel Plants, Irrigation Projects and Raw Water Systems.

As part of its portfolio, SHEL undertakes erection of Boilers and Auxiliaries of upto 500 MW capacity, EPC Projects for thermal power stations, erection of EHV transmission lines and sub-stations, manufacture, supply, erection, testing and commissioning of super-heater coils & bends and erection of sugar mills.

Profit after Tax of Richa rose from Rs.3 crs to Rs.7 crs, an increase of 136% and EPS was also registered at Rs.4.27, up by 56% as compared to the previous year.

Richa has recently completed expansion of its capability in all the existing segments ie Knitting, Dyeing & Processing and Garment manufacturing and has completed the fully automated state-of-the-art manufacturing unit at Kawnra, Faridabad. With the commissioning of the plant at Faridabad, Richa has become one of the largest processors in the Indian Market.

The current capacity of the plant is 6000 kg per day for Greige knitted fabric. Richa serves some of the best global brands and exports to markets like USA, Canada & UK besides catering to the leading domestic players.

Source: Press release distribution via India PRwire

About Richa Knits Ltd.

The company is one of the premier multi-divisional Integrated textile company and has the facilities for knitting of fabric, dyeing & processing of knitted fabrics and manufacture of garments for Domestic and Export market. The company has a ‘state of the art’ laboratory facility for developing shades, fastness of colour, fabric quality and adopts stringent quality checks at each step of manufacturing process.

Established under the leadership of Mr. Sushil Gupta (M.Tech-IIT Delhi) in 1993 as a process house to cater to the needs of knitted fabric for exporters in Northern India, Richa Knits has two manufacturing facilities, one at Faridabad for Dyeing and Processing and another state-of-the-art at IMT Manesar, Gurgaon in the outskirts of Delhi for Knitting, Dyeing & Processing and Garment manufacturing. The company has grown creating a niche for itself in the Northern India as a Dyeing and Processing house for the Export Market.

The Net Sales of the company has jumped 41.41 % to Rs. 154.39 crore as against Rs. 109.17 crore for the same period last year. The Profit After Tax has increased 33% to Rs. 18.07 crore over Rs. 13.59 crore in the previous year.

The Earning Per Share is Rs. 21.89 as compared to Rs. 17.04 in the last financial year.

“The current set of numbers is consistent with our expectations and from here on our focus will be growth through CRAMS.” Said Mr. Hari Babu, Managing Director, Anu’s Laboratories Ltd.

The last Quarter of Financial Year 2007 - 08 has contributed Rs. 47.39 crore to the topline, 62 % over Rs. 29.24 crore for the fourth quarter of FY07

The company raised about Rs 80.22 cr through sale of 3.82 million shares in its initial public offering, which closed on May 15, to finance its expansion activities.

The company plans to utilize the IPO proceeds in order to diversify and expand its business activities by means of forward integration. The Company plans to expand its operations in Contract Research and Manufacturing (CRAM) by setting up a new plant for manufacturing of drug intermediates including Active Pharmaceutical Ingredients (APIs) at Vishakhapatnam.

The issue, which was oversubscribed by 8.43 times, constituted 31.63% of diluted post-issue capital of the company in April 2008. Shares of the company got listed at Rs 260, up Rs 50, or 23.81%.

Source: Press release distribution via India PRwire

About Anu’s Laboratories Ltd.

Anu`s Laboratories is a company engaged in the manufacturing of basic, advanced intermediates and fine chemicals and supplying them to various drug manufacturers. The Company exports to countries like Israel, Italy, Japan, France, USA and Singapore contributing 20 % to its turnover.

The manufacturing plants of are located at Chilakamarri Village, Shadnagar of Mehboobnagar district in Andhra Pradesh.

Financial Performance (Audited)

Ø Turnover increased by 25% from Rs. 20146.38 lacs to Rs. 25177.54 Lacs.

Ø Net profit increased by 30% from Rs.4274.55 Lacs to Rs. 5536.08 Lacs

Ø Earnings per share (EPS) increased by 17% from Rs.28.39 to Rs. 33.09

On commercial front, Ansal Plaza, Vaishali continues to be Company’s flagship commercial project housing various leading domestic and international Brands. In coming years, the Company plans to open new commercial projects in Meerut, Rewari, Parwanoo, Lucknow and Bangalore as well.

Announcing the results, Mr. Kushagr Ansal, Wholetime Director, Ansal Housing & Construction Ltd. said, “We are quite pleased with the results and confident that we will be able to better our performance in the coming year. Today, Ansal Housing has projects worth Rs. 6500 crores in hand. The focus is to increase the number of projects in the market. With this we will be able to better our Turnover and Profits in the coming year”.

Source: Press release distribution via India PRwire

About Ansal Housing & Construction Ltd.

The Company’s decision to focus on Tier II and Tier III cities has proved to be step in right direction. A report by Ernst & Young ( E&Y), a global research and consultancy firm says several Indian cities with a population of 0.5 – 1 million will emerge as the most promising market for residential and retail developments within next 3 to 5 years. This trend has already started as property prices rise in metros and the dearth of skilled cost effective manpower, comparatively high cost of living and high operational costs drive technologically sound companies towards tier II & tier III cities over next 2 –3 years. During the year, development and construction work in projects in Rewari, Karnal, Agra, Indore, Meerut, Zirakpur and NH 24 Ghaziabad was initiated and overwhelming response was received by the Company for these projects. In the year 2008- 2009, sanctions for our Amritsar, Kurukshetra, Parwanoo, Jammu, Bangalore, Yamuna Nagar and Alwar projects are expected to be received and development work on majority of these projects will also start during year 2008-2009 resulting in healthy growth in sales and profits.

The Company had entered the Capital markets on 24th June, 2008 with an Issue of 62,27,860 Equity shares of Rs 10 each at a fixed price of Rs 35 (including a premium of Rs 25 per equity share) aggregating to Rs 2179.75 Lakhs. The net issue to the public would constitute 40% of the fully diluted post issue paid up capital of the company. Ashika Capital Limited is the Lead Manager to the Issue.

The Company proposes to utilize the net proceeds of the issue to part finance its Rs 3509 lakh project cost. The expansion and modernization project consists of setting up of new manufacturing unit, purchase of land and building for office use, meeting margin money requirement for enhanced working capital and meet the interest cost during the construction period. The Company, earning profits since last 5 years, had commenced production with an initial capacity of 36,000 MPA and it has expanded to present operating capacity of 1,67,660 MPA. Depending upon the width of the rubber conveyor belt the capacity utilization can be stretched up to 2,00,000 MPA. Considering the potential for growth, it intends to raise production capacity to 4,00,000 MPA and also enlarge the belt width from the current 1200mm to 2000mm.

Source: Press release distribution via India PRwire

About Somi

Somi Conveyor Beltings Limited is a manufacturer of Rubber Conveyor Belts of various sizes used for industrial applications of material handling in various industries such as coal, lignite, iron ore, mining, cement, power, steel, fertilizer and sugar etc. The Company has also recently introduced food grade belts for tea gardens and salt industries.

The company posted a total income of Rs. 3227 million for the quarter ended March 31, 2008, PAT was up by 80% to Rs. 202 million.

Unity Infraprojects’ total income for FY 2008 stood at Rs 8624 mn, up 56% from Rs 5536 mn in FY 2007. PAT for FY 2008 stood at Rs 600 mn, up 42% from Rs 423 mn in FY 2007.

EPS for FY2008 was Rs. 44.9 viz. Rs. 32.9 in the previous fiscal.

Announcing the results, Mr. Kishore K. Avarsekar, Chairman and Managing Director, Unity Infraprojects Limited said, “The strong performance is a reflection of the tremendous growth opportunities in the Indian construction and infrastructure segments, and the demonstrated competence and client orientation of Unity Infraprojects. We have significantly added large and varied projects to our order book over the last year, and expect continued significant wins ahead.”

As of May 31, 2008, Unity Infraprojects had Rs 30,224.6 million worth of order outstanding, representing a 51.4% growth over an order book of Rs 1996.4 mn in March 2007.

Source: Press release distribution via India PRwire

About Unity Infraprojects Ltd.

Unity Infraprojects Ltd. provides integrated engineering, procurement and construction services for civil construction and infrastructure sector projects. Besides civil construction, the company’s project expertise includes transportation engineering, irrigation and water supply projects. Unity is the flagship unit of the Mumbai based KK Group of Companies which has interests across a wide spectrum of businesses such as concrete block manufacturing and quarrying, hospitality and organized retailing industries.

The Board has recommended the dividend of 5% i.e. 50 paise on each equity share of Rs.10/- , subject to the approval of members

The company’s Wholly Owned Subsidiary – BSE Infrastructure Realty FZE’s project of 80 lacs sq feet is going at rapid speed and witnessing very good response from the customers. The company has already launched three towers namely Pearl, Fayrooz and Kahraman till date and further planning to launch another four towers in next 6 months time.

Announcing the results, Mr. Dharmendra Raichura, Managing Director, BSEL Infrastructure Realty Ltd. said, “Because of our UAE operations, this year we have registered operational revenue growth of 144% and PAT growth of 46% and we are sure of growing more aggressively in the coming years”.

Source: Press release distribution via India PRwire

About BSEL Infrastructure Realty Ltd.

BSEL Infrastructure Realty Ltd is a reputed Indian company currently engaged in Hospitality, Hotels, IT Parks, Townships, Commercial Space, Retail & Shopping Malls Projects in India and UAE. The company has proven its mettle in developing quality projects in commercial, entertainment and residential sectors. Owing to the trust and faith meted in them by their clients and shareholders, the company has grown 250 times in a short span of 4 years and executed international projects too.

With the addition of Chax to its leadership team, the agency has strengthened its ability to deliver clutter-breaking advertising that will make a difference to clients’ bottom lines.

For Chax it will be a home coming of sorts, since it was in the erstwhile Ulka Advertising that he made the transition from the young firebrand working in the agency’s Nirmal office (which is where he will now be based) to the agency’s Creative Director, South – his first leadership stint.

Chax, with over two decades of experience in advertising, has worked on some of the most memorable campaigns the country has seen, for a range of clients including Airtel, Tata Sky, DNA, Bajaj, Thums Up, Coca Cola and P&G among others. An Electrical and Electronics engineer who decided to pursue a career in the creative field, Chax has led large creative teams as NCD at Rediffusion DY&R and before that at Leo Burnett, with outstanding results. One of the most respected and well regarded creative leaders in the industry, Chax brings with him a mature approach to cutting-edge advertising that is focused on building stronger brands.

With the addition of Chax to its leadership team, the agency has strengthened its ability to deliver clutter-breaking advertising that will make a difference to clients’ bottom lines.

For Chax it will be a home coming of sorts, since it was in the erstwhile Ulka Advertising that he made the transition from the young firebrand working in the agency’s Nirmal office (which is where he will now be based) to the agency’s Creative Director, South – his first leadership stint.

Chax, with over two decades of experience in advertising, has worked on some of the most memorable campaigns the country has seen, for a range of clients including Airtel, Tata Sky, DNA, Bajaj, Thums Up, Coca Cola and P&G among others. An Electrical and Electronics engineer who decided to pursue a career in the creative field, Chax has led large creative teams as NCD at Rediffusion DY&R and before that at Leo Burnett, with outstanding results. One of the most respected and well regarded creative leaders in the industry, Chax brings with him a mature approach to cutting-edge advertising that is focused on building stronger brands.

With the addition of Chax to its leadership team, the agency has strengthened its ability to deliver clutter-breaking advertising that will make a difference to clients’ bottom lines.

For Chax it will be a home coming of sorts, since it was in the erstwhile Ulka Advertising that he made the transition from the young firebrand working in the agency’s Nirmal office (which is where he will now be based) to the agency’s Creative Director, South – his first leadership stint.

Source: Press release distribution via India PRwire

About DRAFTFCB

DRAFT and FCB merged in the US in 2006. DRAFTFCB is a modern agency model for clients seeking creative, accountable marketing programs that build business and deliver a high Return on IdeasTM. With more than 130 years of combined expertise, the company has its roots in both consumer advertising and behavioral, data-driven direct marketing. The agency is the first global, behavior-based, fully inclusive, highly creative and accountable marketing communications organization to operate against a single P&L. The DRAFTFCB network spans 110 countries, with more than 9,000 employees worldwide, and is part of the Interpublic Group of Companies.

The CAOC is responsible for oversight of the peer review process in Maryland on behalf of the Maryland Board of Accountancy. In 2006, the Governor of Maryland signed into law the requirement that all firms that provide compilation, review, or audit/attest services must have a peer review in order to be licensed in the State of Maryland.

“It is an honor to be appointed to the CAOC,” said Dickler. “Through this position, I will have the opportunity to offer my professional expertise, which helps me to continue to give back to the profession.”

Dickler, who is based out of MBAF’s Baltimore office, heads the firm’s Automobile Dealership Audit Practice. He has over 25 years of experience in public accounting. Dickler’s areas of expertise include tax and accounting, technology consulting, litigation support and business valuation.

MBAF is ranked in the top 50 accounting firms in the nation and is the largest Florida-based CPA firm in the State. The firm has been ranked as “Best of the Best”, the list of the top 25 performing firms in the country, for 12 years. MBAF provides tax and accounting, audit, technology consulting and litigation support and business valuation services to entrepreneurs, wealthy individuals, private and public corporations and legal practitioners across a broad range of industries. For more information, please visit http://www.mbafcpa.com/.

Source: Press release distribution via India PRwire

A firm with almost four decades tradition, MBAF is the 50th largest independent public accounting firm in the nation and the largest in the state of Florida. MBAF provides highly personalized service to a broad range of clients, from individuals to entrepreneurs, business owners, wealthy individuals and public and private entities. MBAF's professional staff of CPAs and consultants, led by a hands-on management team, offers depth of business experience, market knowledge and technical expertise, coupled with responsive client service.

Our portfolio of accounting and management consulting services offers a single source for many of the business solutions our clients need to succeed in today's competitive landscape, where old and new economies are merging. In addition to offering a wide range of accounting and management consulting services, Morrison, Brown, Argiz & Farra also has developed an in-depth knowledge and experience in several industry niches. As a result, MBAF clients benefit from a high degree of personalized service from an advisor that understands your business needs. By investing our resources into learning the industry-specific nuances of your operations, we are able to provide value-added services to our clients.

1. Bal Pharma Revenue grew by 18.6%
2. Profit After Tax (PAT) grew by 38%
3. PBT grew by 28%
4. Revenue from our overseas sales grew by 15%
5. International foray for Ayurvedic products
6. Increased market presence for Branded formulations
7. Relaunched Generic division
8. New manufacturing plant at Uttaranchal is nearing completion and confirms to USFDA and MCHRA guidelines.
9. Received approval from Therapeutic Goods Administration (TGA), Australia for their API plant at Bommasandra, Bangalore.

Commenting on the results Mr. Shailesh Siroya, Managing Director, Bal Pharma limited said, “The growth in our revenues is a validation of our commitment to reach out to the rural masses with the quality and affordable medicines. Overall we have performed very well and are in line with our goals for the coming years. Bal Pharma achieved a turnover of Rs.90.35 Crore against our achievement of Rs. 76 crore for last year. We are now looking at an exponential growth and focus on achieving a turnover of Rs.300 Crore by the end of the year 2010, almost a fourfold growth by focusing on the Branded Formulations.

At the International level the company is planning to file more DMFs in different countries in next few months, and this would comprise of a basket of products being required by the various market as the company focuses on an advanced healthcare system and demand for all types of pharmaceuticals is high. We have done well to foray into foreign shores and have been successful in making an impact

Source: Press release distribution via India PRwire

ABOUT BAL PHARMA

Bal Pharma Ltd is a leading manufacturer, marketer and exporter of pharmaceutical products in India and abroad. Established in 1993, the company has an envious track record of providing its immaculate services in the health care market. The company’s strength spans a range of Branded formulations, APIs, Generics including Parentereals, and Intermediates, to Herbals. Bal Pharma has three manufacturing units, one for APIs coupled with R & D, the second for formulations both located at Bangalore and a third unit for Parentereals at Pune; all equipped with ultramodern state-of-the-art technology. All units conform to the GMP standards as laid down by WHO. Bal Pharma is one of the top companies in the country having the latest Form Fill and Seal (FFS) technology. With manpower of more than 1000 in the company, the company is committed to develop, manufacture and market innovative Pharma products. The company is presently targeting a four-fold growth to touch a turnover of Rs 300 crore by the end of 2010, by focusing on international markets and branded formulations.

The Net income for the year ended 31st March 2008 stands at Rs. 1581.85 crore, 21% up from Rs. 1306.02 crore for the same period last year.

The last quarter has contributed Rs. 507.12 crore to the Net Sales, 20% over the last year’s Rs. 419.63 crore. The PAT for the quarter stands at Rs. 16.25 crore, 44% up from Rs. 14.39 crore for the same period last year.

The EPS of the company is Rs. 33.82 as compared to Rs. 24.76 for the last year. The company has recommended a dividend of 20% on equity shares of Rs. 10 each.

Wires and steel products continue to be the revenue drivers for the company. Commercial production of LRPC strand wire commenced during the last quarter. The order for multi product plating line plant has already been ordered and it is expected to commence production in current year

The setting up of single Line LRPC plant will be completed by September 2008, the first of its kind to be produced in India.

“We are aggressively perusing our plans to produce 6,00,000 mts of steel wires and finished wire products by 2010 and are well on track with our goal. ” said Mr. Ashish Jhunjhunwala, CMD, Ramsarup Industries Ltd.

The merger of Ramsarup Lohh Udyog Ltd has been approved by the shareholders asn awaits regulatory approvals.

Source: Press release distribution via India PRwire

About Ramsarup Group

Ramsarup Group is mainly into the manufacture of steel wires and TMT bars, which it supplies to the power and infrastructure sector. The group is also putting up facilities for backward integration, with production of 7, 00,000 MTPA integrated steel plant to produce steel billets and 20 MW power at Kharagpur. The current capacity of steel wires stands at 2.88 lacs mts.

The company posted PAT of Rs 807.51 lacs for the quarter ended March 31, 2008, a hop of 17 % over Rs 689.59 lacs for the same quarter last fiscal. Net Sales during the same period rose to Rs 5329.84 lacs, up from Rs 4228.61 lacs in the last fiscal.

Announcing the results, Mr. Dalip Kumar, Chairman and Managing Director of FCS said, “We are quite pleased with our present turnover and going forward, we hope to maintain the growth pitch. Our existing clients are entrusting us to develop Centers of Excellence (COE) and we are moving towards our goal of becoming one stop partners for all their IT needs”

Source: Press release distribution via India PRwire

About FCS

FCS has been managing IT Consulting Services, E-learning and Digital Content Management, Application Helpdesk, and Infrastructure Management Services for the last 15 years. FCS enables businesses to leverage the combined benefits of IT Outsourcing (ITO) and BPO by adopting a unified view of their processes, applications, and training. The company’s unique offering is the ‘ Center of Excellence’ that makes it the one – stop – shop for any IT requirement. Its esteemed clientel includes, General Electric, AIG, Canon among others.

FCS partners with premier technology companies to bring to its customers a one-stop service from acquiring licenses to System Integration and Deployment. Their technology partners are Microsoft, Oracle and IBM. FCS India Development Centers are in Noida with expansions happening at Chandigarh, and Dehradun.

For the quarter ending March 31, 2008, the company recorded turnover of Rs.415.29 crores as compared to Rs.311.11 crores during the corresponding quarter of FY 2006-07. PBT was posted at Rs.28.94 crores as against Rs.36.57 crores during the corresponding earlier quarter. The profit after tax was artificially reduced by Rs 60.20 crores to Rs (20.60) crores vis-à-vis Rs 28.23 crores same quarter last year, due to a provision necessitated by the announcement made by the Institute of Chartered Accountants of India on account of mark-to-market losses on foreign exchange derivative contracts. As of date, the Company does not expect to actually incur losses to this extent.

The production of DI pipes at 2,14,956 MT declined by 6.6% during the year, primarily due to plant shutdown necessitated by unseasonal flooding and relining of blast furnace. This was partially offset by higher production (50,504 MT) of CI pipes to the extent of 20% and a rise of 35% in production of DI fittings to 4,654 MT. A dynamic market scan allowed the company to realign its focus to the domestic market from the export markets for better price realisations – export volumes were restricted by 12% to 1,03,413 MT, from 1,15,289 in the previous year.

The industry faced unprecedented increase in iron-ore and coal/coke prices in addition to the significant increases in other raw material prices. During the latter half of the year, the Company was able to increase product prices to partially compensate the increase in raw material prices, resulting in an increase in realisation. Adverse movements in the international forex markets affected the company’s foreign exchange exposures.

The allotment of an iron-ore mine in Kodolibad, Jharkhand, a backward integration measure, will further reduce the operating cost and ensure steady supplies. Pursuant to the allocation of the Parbatpur Coal Block the company has signed the lease agreement with the Govt of Jharkhand and has acquired the required land and commenced infrastructural work. Coal production is expected to commence in the current FY. These measures will enable the Company to completely avoid the impact of price volatility in the market and significantly buttress its operating margins.

The demand stimulated by the government’s thrust on improving the village infrastructure, considering that over 20 crore Indians do not have access to safe and clean drinking water and have appalling sanitation conditions, the company expects the demand for its product to be buoyant and expects to perform well in the future, especially considering the steps taken to eliminate the impact of raw material price imbalances and the continued focus on improving operating efficiencies. The Company expects improvement in its performance in the current year.

The Directors maintained dividend at last year’s level and have recommended a final dividend of 25%, in addition to 100% already paid in December, reflecting the confidence in the operations of the current year.

Source: Press release distribution via India PRwire

Asian Star’s PAT climbed 51.70% YoY to Rs 4112.71 lacs from Rs 2711.17 lacs. The company’s Net Sales for FY08 stands at Rs 147,383.35 lacs, a hop of 22.9% as against Rs 119,914.96 lacs last year. The fully diluted Earnings Per Share (EPS) for the year ending March 31, 2008 stands at Rs 37.71, up from Rs 24.60 last year.

The company posted a PAT of Rs 869.10 lacs for the quarter ended March 31, 2008, a hop of 39.07% over Rs 624.90 lacs for the same quarter last fiscal. Net Sales during the same period rose 19.58% to Rs 40,758.61 lacs, up from Rs 34,084.63 lacs in the last fiscal.

Announcing the results, Mr Vipul Shah, CEO and Managing Director of Asian Star said, “The Company has of late intensified its operations in the diamond jewellery segment which ensured improved profitability.”

The Directors recommended a dividend of Re. 0.30 on 2,52,00,000 Redeemable Cumulative Preference Shares of Rs 10 each and Rs 2 per share on 1,06,71,200 equity shares of Rs 10 each.

In May, Asian Star launched its first jewellery store ‘Shagun Jewels’ at Somajiguda, Hyderabad, and plans to open more stores in select cities across India.

Source: Press release distribution via India PRwire

About Asian Star

Set up as a partnership firm in 1971, Asian Star became a public limited company in 1995. Asian Star’s major business activity is Diamond Cutting & Polishing and Jewellery Manufacturing, with a turnover of Rs 1473.83 crores in March 2008. Asian Star exports its diamonds and jewellery to major diamond markets like the USA, UAE, Hong Kong, China, Singapore, Japan, UK, Belgium, Israel, Germany and Switzerland. It has high-tech manufacturing facilities in Surat and Mumbai in India. Asian Star supplies to leading retail chains, in the Indian & International markets.

PAT climbed 405% YoY to Rs 113.93 crores from Rs 22.55 crores in the last fiscal. The company’s Total Income for FY08 stands at Rs 784.74 crores, a hop of 141.39% as against Rs 325.09 crores last year.

The fully diluted Earnings Per Share (EPS) for the year ending March 31, 2008 stands at Rs 4.18, up from Rs. 1.12 last year.

Announcing the results, Mr. V. D. Mhaiskar, Chairman & Managing Director of IRB infrastructure Developers Ltd. said, “We are quite pleased with our present turnover and going forward, we hope to sustain the growth rate.”

During the year, the Company completed an Initial Public Offer of 51,057,666 Equity shares of Rs 10/- each for cash at a price of Rs 185/- each aggregating to Rs 9,445,668,210/- Pursuant to the Public Issue, shares of the Company were listed on the NSE and BSE effective from February 25, 2008.

Source: Press release distribution via India PRwire

About IRB Infrastructure Developers Ltd.

IRB Infrastructure Developers Ltd. is an integrated infrastructure development and construction company in India with significant experience in the roads and highways sector. The Company is one of the largest private developers in western India and the largest toll road operating company in India. It is an established infrastructure company in the roads sector and has a large portfolio of completed and operational BOT projects in the roads infrastructure sector.

The Regional Centre is spread over 3600 sq. ft. at Hazratganj, in the heart of Lucknow, and will also house a company owned, state-of-the-art ICFe training centre.

The operations of the company at Lucknow were formally inaugurated by the Honourable Minister for Higher Education, UP Government, Mr. Rakesh Dhar Tripathi. The Minister lauded the efforts of ICFe in setting up its operations in UP to impart job oriented skills to the youth of the state in order to generate employment amongst the educated.

Speaking on the occasion Mr. Santosh Mangal, Managing Director, ICFe said “Uttar Pradesh is very close to our hearts. There was a time when UP was at the forefront of Indian Economy in the 1970’s but today the state lags behind others. We at ICFe believe that the time is ripe for UP to occupy the centre-stage again. It is our humble effort to bring quality education to the masses of UP, which will equip the youth with job based skills and provide employment opportunities”.

Enumerating the plans for UP, Mr. Mangal added that in the first phase, ICFe will invest close to Rs.50 crore in the state in the next three years. The target is to open 30 new ICFe centres in the next one year and 100 centres in the next 2-3 years. These centres will be a mix of company and franchisee owned and will come up in A, B and B+ category towns of the state.

ICFe is also exploring the Public Private Partnership route to impart job oriented training at the school curriculum level so that the students have more practical knowledge and are better equipped to handle real life situations when they come out of school. For this Nexgen Edusolutions has initiated talks with a number of state governments.

ICFe has tied up with four Industry leaders as Strategic Consultants for bringing the best quality education to its students. The four Strategic Consultants are IIM Lucknow, National Institute of Financial Management (NIFM), Faridabad, BBC Active through its Indian partner Liqvid and HCL Infosystems.

With IIM Lucknow, the main purpose of the consulting assignment is to analyze gaps between the existing course curriculum and the course curriculum needed for imparting skill sets required by the targeted recruiter in the Finance sector, and suggest appropriate changes. For this IIM Lucknow will review the course curriculum, interact with leading professionals from the sector to understand their requirements and then present their comments for updating the courses.

NIFM will help ICFe retain its cutting edge, by training the faculty in finance and accountancy. NIFM will hone the unique teaching methodology developed by ICFe in order to reach out to a larger mass and will focus on the effective combination of instructor led theoretical training and guided practice.

HCL Infosystems will help create and maintain the IT backbone of the company. Each new ICFe centre will have the infrastructure from HCL Infosystems and the service and support for hardware, software & networking will be taken care of by HCL.

One of the major problems faced by any semi skilled professional, in today’s world is the lack of communication skills which impede their progress up the corporate ladder. To ensure that ICFe students are well turned out and gain that extra edge, ICFe is tying up with Liqvid, which has created the English offering, English Edge in association with BBC Activ.

Source: Press release distribution via India PRwire

Sales during the year were Rs 1522 crores compared to Rs 1322 crores in the previous year. Profit before tax was Rs 119 crores compared to Rs 102 crores in 2006-07. Profit after tax was Rs 92 crores, compared to Rs.83 crores in the previous year. Consolidated sales in 2007-08 moved to Rs 1586 crores from Rs 1384 crores in 2006-07.

The Company was able to deliver steady top line growth in spite of a lower GDP growth and slow down in the automotive sector. The Company continued to focus on improving product mix, introducing new products and services, tackling costs at all levels and improving services to customers so as to retain its competitive edge. Architectural products launched during the year include Illusions Sealer, Illusions Metallica and Kidz Glitter & Glow.

The Company has embarked upon a growth plan, both organic and inorganic, comprising:

• Capacity expansion of the solvent plant at Goa to 62,000 MTPA. This is over and the plant is likely to be commissioned soon.
• The capacity of the Jammu powder plant has also been expanded during the year by 1,200 MTPA.
• Preliminary work has started for expansion of water based paint and resin manufacturing capacity in the Company’s existing plant at Rishra in West Bengal and installation of a resin manufacturing plant in Goa.
• Work on setting up of a state-of-the-art automobile paint manufacturing plant with a combined capacity of 24,000 MTPA at the Jejuri Industrial Estate, Pune is progressing in full swing. The Company has received environment clearance from the Ministry of Environment and Forests for the purpose.
• The Company’s subsidiary, Beepee Coatings Private Limited is expanding its capacity in Gujarat
• The Company is in the process of acquisition of Bolix, S.A. of Poland, which manufactures and sells External Insulation and Finishing Systems. It also exports to other countries such as Ukraine, Latvia, Lithuania, Estonia and Russia. The products and the services of Bolix complement those of Berger and they will be useful in India from the point of view of energy savings, environment, durability and aesthetics.
• In addition to the initiatives specifically mentioned above, the Company is actively exploring other interesting opportunities.

Berger Paints Overseas Limited has commenced production at its modern plant in the Southern part of Russia.

Considering the expenditure involved in the aforesaid growth plans, the Board recommends a dividend of 25% on the equity shares of the Company.

Source: Press release distribution via India PRwire

The Net Profit for the year under consideration is Rs. 5.40Crore, up 26% from the same period last year. In the year going forward, the company plans to target income from lease rentals of commercial spaces from Business Centre at Mahalaxmi of Rs.22Crores, Profit Before Tax of Rs.15Crores and PAT of around Rs.12 crore.

“Currently we foresee steady growth of income from lease rentals and are also developing Electronic Hardware, Software including IT/ITeS SEZ at Khopoli, Dist. Raigad, in Maharashtra and plans are being firmed up to develop Free Trade Warehousing Zone in Taluka Panvel, Dist. Raigad in Maharashtra” said Mr. Vijay Kumar Jatia, CMD, Modern India Ltd

Setting up of a Free Trade Warehousing Zone would be a step forward by the company in furtherance its mission establish Modern India Limited a focused real estate and infrastructure developer Company.

Company is also planning to raise capital to fund its various projects under implementation.

Source: Press release distribution via India PRwire

About Modern India Ltd

Modern India Ltd was incorporated in the year 1933. The company was a composite Textile Mill, however, prolonged strike in 1982 and changes in economic scenario impacted operations of the company. MIL was one of the first to develop surplus land and the company revived on the back of prestigious 40 story residential complex developed named Belvedere Court at Mahalaxmi with modern amenities like swimming pool, health club, Jacuzzi, tennis court, squash court and ample parking space.

Company further renovated its mill complex as “Modern Centre” which now houses various renowned entities in it providing all state of art amenities and efficient business environment.

Power plant goes on stream

Meanwhile, the 10 Mega Watt (MW) biomass based power plant of the Power Division of Empee Distilleries Limited at Aranthangi in Pudukottai went on stream recently. The Group will supply the entire quantity of clean renewable energy to the Tamil Nadu Electricity Board. The power plant is generating 60 lakh units of power per month.

“The Tamil Nadu Energy Development Agency (TEDA) awarded three licences to the Empee Group to set up biomass-based power plants at Pudukottai, Perambalur and Thiruvaroor District. The project at Aranthangi in Pudukottai District has been commissioned and will qualify for carbon emission reduction certificates (CER’s). The Group is contributing to a global cause by mitigating carbon-dioxide emissions through the use of biomass for the project,” Empee Group Chairman Mr. M. P. Purushothaman said.

For a Green cause

“At present, we are buying the biomass required for the plant from growers. We will soon set up our own captive tracts for biomass development as our requirement is very huge. The biomass plants grow afresh every time they are harvested and we tap the energy available within the plant to generate electricity. The entire energy thus produced will be added to the state power grid through the Tamil Nadu Electricity Board,” company sources revealed.

Source: Press release distribution via India PRwire

The consolidated Financial Results include results of the Company and its wholly owned subsidiaries viz. Core Education & Consulting Solutions Inc. (formerly KC Management Group Corporation), CORE Projects & Technologies (UK) Ltd. and its two wholly owned subsidiaries Hamlet Computer Group Ltd. and Symbia Ltd., CORE Projects and Technologies FZE and Aarman Software Pvt. Ltd. India.

Keeping a focus o the education sector, Core Projects has been successful in growing its topline substantially in this vertical. The Education vertical has contributed 63% to the topline of the Company.

Mr Sanjeev Mansotra, Chairman and Managing Director of the Company, commenting on the excellent performance said “we will continue this momentum and are hopeful of achieving similar growth in the coming years too. Our belief in the education sector is paying us rich dividends.”

Source: Press release distribution via India PRwire

About Core Projects and Technologies Ltd

Core Projects and Technologies Ltd. (CPTL) provides IT products solutions with a special focus on the Education, Government and Logistics Verticals.

An ISO 9001:2000 certified company, Core has offices in the UK, USA, Africa, Middle East and India. Its elite project teams based at its offices and Offshore Development Centers are highly Competent, Mobile & Scalable. Website: <http://www.coreprojectstech.com/> www.coreprojectstech.com

The Company had entered the capital market in 2006 with an initial public offering through a fixed price issue for a Rs. 63 Crores expansion project. The issue price was Rs.30, it was listed at the Bombay Stock Exchange at Rs.40 per share and is today being traded in the range of Rs.70-Rs.74. Today when most stocks are traded below issue price, RKL is one of the Companies, which has come up to the expectation of the investors which is reflected in their stocks that is showing an upward trend.

The Company registered a turnover of Rs 62 crs in the first 9 months of the financial year and is set to surpass the double-digit figure at the close of the year. In 2006 (Pre-IPO), the turnover of the Company was Rs.45 crs, which today is close to Rs.100 cr. With the commissioning of the plant at Faridabad, RKL has become one of the largest processors in Indian Market.

The current capacity of the plant is 6000 kg per day for Greige knitted fabric RKL serves some of the best global brands and exports to markets like USA, Canada & UK besides catering to the leading domestic players.

Source: Press release distribution via India PRwire

About Richa Knits Ltd.

The company is one of the premier multi-divisional Integrated textile company and has the facilities for knitting of fabric, dyeing & processing of knitted fabrics and manufacture of garments for Domestic and Export market. The company has a ‘state of the art’ laboratory facility for developing shades, fastness of colour, fabric quality and adopts stringent quality checks at each step of manufacturing process.

Established under the leadership of Mr. Sushil Gupta (M.Tech-IIT Delhi) in 1993 as a process house to cater to the needs of knitted fabric for exporters in Northern India, Richa Knits has two manufacturing facilities, one at Faridabad for Dyeing and Processing and another state-of-the-art at IMT Manesar, Gurgaon in the outskirts of Delhi for Knitting, Dyeing & Processing and Garment manufacturing. The company has grown creating a niche for itself in the Northern India as a Dyeing and Processing house for the Export Market.

BAL VEDICS bagged the permission to export Ashwamedh capsules, after passing all requisite processes. The approval from the Drugs Control Department, Ministry of Health, United Arab Emirates, allows the Bal Vedic product “Ashwamedh” to be prescribed in the region.

Commenting on the approval, Mr. Shailesh Siroya, Managing Director, BAL PHARMA LIMITED said, “In tune with our global marketing strategy, Bal Pharma is in process to register its ayurvedic products in International Market. There is a huge demand for herbal drugs worldwide and the market is estimated to be around 60 billion USD with a growth rate of 7 percent annually. Bal Pharma is eyeing an establishment under this segment after tasting the success in modern medicine. The clearance from UAE gives us confidence to market the product in Global arena.”

Besides UAE, Bal Pharma is also in the process of getting approval for its herbal drugs in Sudan and Sri Lanka.

“NOC from MCC, South Africa and now consent from UAE will give us the much needed exposure in world market. The pharmaceutical industry is on high growth and Bal Pharma foresees itself as a prominent player in the market,” Siroya said.

Efforts are also on to tap Korea and Germany who are keen on Indian alternate system of medicine & supplements.

Bal Vedic’s ayurvedic products are well-known in the domestic market and are in process of gaining popularity in world market. “To get consent from the regulatory authorities requires clearances in product contents and certification of high quality standards. We use standardized extracts and maintain proper documentation to fulfill international requirement. The process is lengthy but fruitful. The UAE tops the list of the Gulf and the other Arab countries in the individual consumption of medicines per year,” stated Ms. Archana Dubey Mitra, Associated Vice President, Bal Vedics.

The company is looking at products for kidney stones and arthritis control after Ashwamedh enters the Middle East market, Bal Vedics, which has a range of 15 products, shall be marketing its products abroad under the herbal segment.

Going by the rapid change in lifestyle and related disorders with aging problems, the ayurvedic drugs can really be a solution to all the growing problems of human naturally.

The 15 products under the division are well known for segments in the gynaecology and Urology. Going by the performance so far, Bal Vedics is looking at a turnover of Rs 25 crore by 2011.

The 2006 market size for pharmaceutical and drug industry in the UAE is estimated at US$448 million with an expected annual increase of 12 percent each year due to huge domestic demand.

Source: Press release distribution via India PRwire

MORE ABOUT BAL PHARMA

Bal Pharma Ltd is a leading manufacturer, marketer and exporter of pharmaceutical products in India and abroad. Established in 1993, the company has an envious track record of providing its immaculate services in the health care market. The company’s strength spans a range of Branded formulations, APIs, Generics including Parentereals, and Intermediates, to Herbals. Bal Pharma has three manufacturing units, one for APIs coupled with R & D, the second for formulations both located at Bangalore and a third unit for Parentereals at Pune; all equipped with ultramodern state-of-the-art technology. All units conform to the GMP standards as laid down by WHO. Bal Pharma is one of the top companies in the country having the latest Form Fill and Seal (FFS) technology. With manpower of more than 1000 in the company, the company is committed to develop, manufacture and market innovative Pharma products. The company is presently targeting a four-fold growth to touch a turnover of Rs 300 crore by the end of 2010, by focusing on international markets and branded formulations.

The Total Revenues have increased 1581% to Rs. 764.65 crores in FY08 from Rs. 45.50 crores in FY07. The Profit After Tax has increased 3002% to Rs.406.70 crores in FY08 from Rs. 13.11crores in FY07. The Board of Directors of the Company at its meeting has recommended a Dividend of Rs. 13.50 per share ( 675% on face value of Rs. 2 per share), subject to approval of shareholders.

For the fourth quarter of FY 08, ended on March 31, 2008, the Company’s Total Revenues increased 432% to Rs.152.75 crores, from Rs.28.70 crores in Q4 of FY 07. The Profit After Tax was Rs. 48.98 crores in Q4 of FY 08, up 298% from Rs.12.30 crores in Q4 of FY2007.

Business Highlights for the Quarter, Q4 FY07-08:

• Real Estate (Office): IBREL has successfully bid for 134 acres of land belonging to Pal Peugeot for Rs. 676 crore in an auction conducted by the Court Receiver of the Honourable High Court of Mumbai. The land is situated in the Dombivli-Kalyan belt of the Mumbai Metropolitan Region, northeast of Mumbai and can be reached through train in approx one hour and fifteen minutes from the VT train station, South Mumbai. IBREL plans a mixed use development on the site with a large part of the 134 acres dedicated towards a proposed IT SEZ.

• Real Estate (Office): Leading Indian companies recently signed up for 70,000 sq ft office space at Jupiter Mills office complex (One Indiabulls Centre) at a monthly lease rental of Rs 325 per sq ft. Going forward, the new lease rentals are expected at higher rates than Rs 275 per sq ft that was given to the anchor tenants last year.

One Indiabulls Centre (Jupiter Mills) and Elphinstone Mills:

􀂃Development of 1.43 million sq ft of leasable office space and 0.44 million sq ft of leasable Mall/Retail space at Jupiter Mills. The development work is proceeding as per plan and first office block has been delivered for client fit outs.

􀂃Development of 1.54 million sq ft of leasable office space at Elphinstone Mills proceeding as per plan and will be available for client fit outs in the second half of CY 2008.

• Real Estate (Residential): Pre-sales at Castlewood Luxury Apartments in South Delhi were launched during Q4 08.

Residential Apartments:

Ø ï€ Pre-sales at Castlewood Luxury Apartments (Tehkhand) in South Delhi was launched during Q4 08. The project size is estimated at Rs 1,800 crores.

Ø ï€ Residential project at OMR Road in Chennai is expected to be launched in Q2 FY 08-09. and-bank of approx 1200 acres for future residential projects in NCR, Chennai & Mumbai Metropolitan Region.

• Real Estate (Malls): Launched companion leasing for all 17 malls being developed. The company is in early stages of negotiations with some leading international single product retailers who wish to establish a pan India presence.

• Power: 1320 MW Mega thermal pit-head power plant at Bhaiyathan, Chhattisgarh acquired through competitive bidding route. The project includes development of captive coal mines with proven reserves of 349 million tonnes in District Korba of Chhattisgarh which is adequate to low cost coal supply to the planned power plant as well as an additional similar sized unit. Under terms of the contract, 35% of power produced from the Bhaiyathan project is available for merchant sale at market rates and the remaining 65% has to be sold to CSEB at the quoted levelised tariff.

• Retail: Indiabulls Megastores measuring 77,000 sq ft at Shahdra, New Delhi and 64,000 sq ft at Ahmedabad opened in Q4. Plus 6 new Indiabulls Mart stores each measuring approx 5,000 sq ft became operational in Q4.

Source: Press release distribution via India PRwire

About Indiabulls

Indiabulls Group is one of the top 15 business houses in country with business interests in Real Estate, Infrastructure, Financial Services, Retail, Multiplex and Power sector. Indiabulls Group companies are listed in Indian and overseas markets and have a market capitalization of over Rs 30,000 crores. The Net worth of the Group exceeds Rs 9,000 crores. Indiabulls Group companies enjoy highest ratings from CRISIL, a subsidiary of Standard and Poor’s. Indiabulls has been conferred the status of a “Business Superbrand” by The Brand Council, Superbrands India.

Safe Harbor

This document contains certain forward-looking statements based on current expectations of Indiabulls management. Actual results may vary significantly from the forward-looking statements in this document due to various risks and uncertainties. These risks and uncertainties include the effect of economic and political conditions in India, and outside India, volatility in Securities markets, new regulations and government policies that might impact the business of Indiabulls in the Securities Business, the general state of the Indian economy and the management’s ability to implement the company’s strategy. Indiabulls doesn’t undertake any obligation to update these forward-looking statements.

This document does not constitute an offer or recommendation to buy or sell any securities of Indiabulls or any of its subsidiaries or associate companies. This document also doesn’t constitute an offer or recommendation to buy or sell any financial products offered by Indiabulls.

The Deli at the Novotel Hyderabad is famed for its delicious pastries, cakes and other baked goodies. In addition to the regular bakery stuff, The Deli also carries an exotic array of lunch and dinner boxes. There are six different varieties, which come in vegetarian and non-vegetarian flavors. While each of the six varieties promises an exciting meal, their Continental lunch/dinner box has won special acclaim from many a patron and is a must-try.

In a statement Mr. Krishna Natarajan, CEO, OrderMonger said, “Our tie up with Novotel Hyderabad is yet another step in our journey of offering variety and convenience to our customers, and adds yet another valuable partner to our existing network. The Deli is extremely popular for its goodies, and this partnership will benefit a lot of customers spread all over Hyderabad. I hope our customers will be happy to see The Deli @ Novotel Hyderabad on the OrderMonger.com list of partner restaurants”.

Source: Press release distribution via India PRwire

About www.OrderMonger.com

OrderMonger.com is a leading online services company in Hyderabad serving consumers and corporate alike. OrderMonger provides a professional website for ordering food or flowers, car rentals, and groceries, all possible online or over the phone. OrderMonger also provides a whole lot of corporate services, such as, gifts, celebrating special occasions, car rentals, event management, lunch and snacks catering.