Business OpportunitiesPetronet LNG Q2 net up 16.7%
The country’s largest liquefied natural gas (LNG) importer, Petronet LNG, said On Saturday that its net profit rose by 16.74 per cent to Rs 120.67 crore for the second quarter ended September 30, 2009, over the same period last year. Total income of the company surged over two-fold to Rs 3,425.73 crore in the latest quarter, against Rs 1,672.69 crore in the same period of the corresponding financial year, Petronet LNG said in a filing to the Bombay Stock Exchange (BSE). Shares of Petronet LNG closed at Rs 72.20 on the BSE yesterday, up 0.21 per cent from its previous day’s close.
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PTC India Q2 net dips 5.8%
Power trading firm, PTC India said on Saturday that its net profit declined by 5.81 per cent to Rs 30.81 crore for the second quarter ended September 30, 2009, over the same period last year. Total income rose to Rs 2,475.70 crore in the latest quarter against Rs 2,059.33 crore in the same period last year, PTC India said in a filing to the Bombay Stock Exchange (BSE). Shares of PTC India closed at Rs 97.80 on the BSE, up 1.56 per cent from its previous close on Friday.