stood at R81 crore against R57 crore last year.
Peninsula Land Q3 profit soars
Mumbai-based real estate firm Peninsula Land's net profit increased more than three times to R36.50 crore for the quarter ended December 31, 2012 against R10.52 crore in the corresponding quarter last year. The total income from operations of Ashok Piramal group firm surged a little over three times to R138 crore from R45 crore last year.
Everest Industries profit up 32% in Q3
Everest Industries, a building products provider, reported a 32% rise in third-quarter net profit. The firm’s profit after tax for the quarter ending on December 31, 2012 rose to R9.61 Cr from R 7.30 crore a year earlier.
Transgene inks pact with Portugal’s Atral Cipan
Biotechnology firm Transgene Biotek has entered into a licencing pact with Portugal-based Atral Cipan for its immunosuppressive drug Tacrolimus. As a result, Atral Cipan will move the product through regulatory filings with the US Food and Drug Administration and European Medicines Agency for the manufacturing and marketing of Tacrolimus.
Swiss tool maker Starrag to set up Bangalore plant
Swiss-based machine tool maker Starrag Group will open its first manufacturing plant in Bangalore with an investment of R70 crore. This was one of the first investment proposals promised at the Global Investors Meet, 2010 organised by the Karnataka government. The factory in Devanahalli will employ around 300 people.