Isuzu Motors names Takashi Kikuchi India MD
Isuzu Motors, the newest Japanese car maker to enter India, has appointed Takashi Kikuchi as the MD for its domestic subsidiary, which is headquartered in Chennai. With over 30 years of experience in Isuzu, Kikuchi has played important roles in the company’s global strategy. In his last role he was a senior executive officer in Japan, and has also been the president of Isuzu Motors Asia and Thailand. Isuzu is in the process of setting up its own assembly line in Andhra Pradesh, but has already started sales of an SUV and a pick-up truck through two dealerships.
Havells India Q4 profit up 19.84% at R109.68 crore
Electrical equipment maker Havells India on Tuesday reported 19.84% increase in its net profit for the fourth quarter ended March at R109.68 crore. The company had posted net profit of R91.52 crore in the same period of the previous fiscal, Havells India said in a filing to the BSE. Net income from operations stood at R1,169.6 crore during the period under review, against R1,046.68 crore.
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PVR posts net profit of R11.72 crore in Q4
The country’s leading multiplex chain PVR on Tuesday reported consolidated net profit of R11.72 crore for the fourth quarter ended on March. It had posted a net loss of R13.24 crore in the year-ago period, the company said in a statement. During the quarter total income from operations stood at R244.42 crore against R120.24 crore in the corresponding period previous fiscal.
Alstom T&D delivers Power Grid’s Myanmar project
Alstom T&D India has completed delivery of substations to Power Grid Corporation of India’s (PGCIL) 230 kV transmission project in Myanmar. The project worth around R1,050 million is scheduled for commissioning in 2015. The contract covered the supply of a turnkey substation for the 230 kV transmission project which links the 120 MW Thahtay Chaung hydro power project to the electrical grid. As part of the turnkey project, Alstom India was responsible for the design, engineering, supply, and commissioning of the substation and the entire delivery of substations were completed within three months ahead of original schedule of 12 months.
Tetra Pak to double installed capacity
Packaging major Tetra Pak will be