Rallis India

Rallis Q1 net profit surges by 58%

Rallis-IndiaRallis India has declared its first quarter financial results for the fiscal year 2010.As per the report it has managed to register an impressive net profit rise of 58%.

The company has posted a net profit of Rs 14.8 crore for the quarter that ended in 30th June, 2010.

The company has reported a net profit of Rs 9.4 crore in the same quarter last fiscal. This net profit figure has grown up by a significant 58% in this quarter as compared to the same quarter in the last fiscal.

Rallis India plans to invest Rs 150-crore in Dahej plant

Rallis India plans to invest Rs 150-crore in Dahej plantRallis India plans to invest Rs 150-crore in Dahej plantTata Group firm, Rallis India envisages to make an investment of Rs 150-crore in its Dahej (Gujarat) facility with the aim to spread out its production capacity.

As per official sources, the conglomerate has decided to pump this amount in the first stage of its expansion by the second three month period of the coming fiscal.

Tata Chemicals to raise equity shareholding in Rallis India

tata Ltd, a Tata group entity, has decided to increase its equity shareholding in Rallis India by offering to purchase equity shares from other qualifying "promoter group" Tata companies through inter-se transfer of shares.

The board of Tata Chemicals proposed to purchase up to 35.80% shares from other promoter group companies at a price not exceeding Rs 850 a share. However, the final price will be determined in accordance with the applicable SEBI rules and the rules of the stock exchanges.

At present, Tata Tea Ltd. (TTL) is the single-largest shareholder in Rallis India.

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