With a focus on passenger service and completion of major projects, earnings of the East Coast Railway (ECoR) climbed up to Rs 12,338 crore in 2013-14, registering a jump of 17.37 per cent over the previous year.
The country's 12 major ports witnessed decline in profit in recent years. The aggregate profit of the 12 major ports declined to Rs 1,790.92 crore in 2011-12 from Rs 1,946.38 crore in 2010-11. The combined net profit of these ports declined further to Rs 1,220.61 crore in 2012-13. These 12 ports also witnessed contraction in cargo volume from 570 mn t in 2010-11 to 560 mn t in 2011-12.
Marine service provider Ocean Sparkle (OSL) generates 20 percent of its revenue through dredging operation and another 45-50 percent of income from operations at minor ports. The Hyderabad-based firm provides services like harbour towage, pilotage of various kinds of vessels including specialised tonnage like LNG (liquefied natural gas)
During Apr-Jun 2013-14, the net loss of Indian Oil Corporation (IOC) declined to Rs 3,093 crore from Rs 22,451 crore in the corresponding quarter previous year. The company managed to reduce its loss as it received compensation for selling fuel below market cost from the government
During April-June 2013, the net profit of Oil India (OIL) declined 34.5 percent to Rs 609.08 crore or Rs 10.13 per share compared to Rs 929.93 crore, or Rs 15.47 per share in the year-ago period. Net profit of the firm declined during the quarter because net realisation fell to $45.88 per barrel from $53.78 in first quarter last
The standalone net profit of Steel Exchange of India stood at Rs 2.71 crore during Apr-Jun 2013 compared to a net loss of Rs 13.10 crore in the year-ago period. The standalone sales turnover of the firm rose to Rs 310.55 crore from Rs 292.43 crore in the year-ago period. Other income for the quarter declined to Rs 0.91 crore from
Net profit of Gujarat Gas rose 91.2 percent to Rs 101.13 crore during Apr-Jun 2013 compared to Rs 52.88 crore in the year-ago period. Gujarat Gas is a subsidiary of GSPC Distribution Network (GNDL), which recently acquired 73.70 percent stake in the firm. Consolidated profit after tax (PAT) of the firm during the quarter stood at Rs 100.6 crore as against Rs 59.50 crore in the preceding quarter. It may be recalled that this is the first time the firm is reporting the consolidated profit afte
Net profit of Karnataka Bank rose 12.87 per cent to Rs 94.17 crore during Apr-Jun 2013 compared to Rs 83.43 crore in the year-ago period. Growth in operating profits to Rs 257.51 crore during the quarter from Rs 168.94 crore in the year-ago period enabled the firm post strong net profit. Other income of the bank rose 116 per cent to Rs 205.95 crore from Rs 95.33 crore in the corresponding prev
Sajjan Jindal, Chairman and Managing Director of JSW Steel is hopeful that the firm may improve its productivity and capacity utilisation as iron ore mining operation resumes gradually in Karnataka. Jindal said this at the company's Annual General Meeting. The company expects that with the sale of sub-grade ore, the iron ore quality may improve in the coming months and this would enable the firm ramp up capacity utilis