Mahindra & Mahindra (M&M) has started work with Maharashtra State Road Development Corporation (MSRDC) to make the Mumbai-Pune Expressway safer.
Profit After Tax declined due to factors such as, decreased domestic demand, front-ended CSR expenses, cost of restructuring and higher depreciation.
Carmaker widened lead over rivals with 8 of its cars featuring in the top 10 even as 7 of the top 9 firms posted strong double-digit sales growth in January.
After selling its entire stake to Japan's JTEKT Corp, Sona Group to now focus on its forging business
In India, Sona Group currently clocks revenues to the tune of Rs 500 crore from its forging business.
The total consideration would aggregate to Rs 4,19.28 crore at a price of Rs 84.00 per share for 49,914,664 shares for 25.12% stake in SKSSL.
Net sales went up by 17% to Rs 3,435 crore in the quarter under review. Earnings before interest, tax, depreciation and amortization (Ebitda) stood at Rs 537 crore.
The company's domestic sales stood at 1,33,934 units, up 25.9 per cent from 1,06,383 in January last year, MSI said in a statement.
"The cash crunch impacted demand and tractor sales in the industry dropped around 14% in November," said Shenu Agarwal, chief sales and marketing officer, Escorts Limited.
The company's next target is to reach the 1-million mark in India as soon as possible.
Total income from operations during the period under review increased by 8.18% to Rs 4,723.58 crore as against Rs 4,366.35 crore in the year-ago quarter.
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