Business Diary: AdMit 2012 at ARAI from Feb 6

Automotive Research Association of India will be organising the second National Conference on Advances in Metrology at their premises from February 6.

Written by Express News Service | Pune | Published:February 3, 2012 1:28 am

The Automotive Research Association of India (ARAI) will be organising the second National Conference on Advances in Metrology at their premises from February 6. The three-day event will feature presentations on metrology and the use of the same in automobile technology. Shrikant Marathe,director,ARAI,said,“AdMit 2012 will mainly focus on areas like advances in dimensional and surface metrology,mass and force metrology,noise and vibration metrology amongst others. The theme of the conference is Precision Measurement and Application in Auto Industry,” The conference will see a total of 87 technical papers and 15 keynote speeches.

Q3: Thermax posts revenue of Rs 1,269 cr

Thermax Limited have posted a revenue of Rs 1,269 crore and a profit of Rs 95 crore in the third quarter for the year 2011-12. The company earned a total operating revenue of Rs 1,269 crore for the third quarter as against Rs 1,241 crore for the corresponding period last year – a rise of two per cent. Profit before tax for the quarter was down six per cent to Rs 138 crore. Profit after tax stood at Rs 95 crore,lower by five per cent compared to last year’s Rs 100 crore. The year-to-date operating revenue of the company was up by 16 per cent at Rs 3,617 crore (last year,Rs 3,112 crore). For the nine month period it posted a profit before tax of Rs 404 crore (Rs 377 crore). Profit after tax at Rs 277 crore (Rs 256 crore) was up 8 per cent. On a consolidated basis,year-to-date,Thermax group’s total operating revenue rose to Rs 4,200 crore (Rs 3372 crore),an increase of 25 per cent. Profit after tax was nine per cent higher at Rs 289 crore (Rs 264 crore).

Central Bank announces Q3 results

The Central Bank on Thursday declared their results for the third quarter that ended on December 31. The total business of the bank increased to Rs 3,21,543 crores as on December 31,2011 from Rs 2,79,418 crore as on December 31,2010,a growth of 15.08 per cent. The aggregate deposits of the bank increased to Rs 18,8,226 crore as on December 31,2011 in comparison to Rs 16,3,109 crore as on December,2010 registering a growth of 15.40 per cent. On the other hand the gross advances have increased to Rs 1,33317 crore as on December 31,2011 from Rs 1,16,309 crore as on December 31,2010 at a growth rate of 14.62 per cent.

Compiled by Rohan Swamy

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