The Telegraph
Since 1st March, 1999
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Corporate Briefs

Abbott Q3 net at Rs 12 cr

Abbott India Ltd has posted a net profit of Rs 12.25 crore for the third quarter ended August 31, 2002. The total income (net of excise) in the reporting period stood at Rs 98.95 crore, the company informed the Bombay Stock Exchange. In the third quarter ended September 2001 of previous fiscal, the net profit and total income were Rs 12.17 crore and Rs 91.53 crore respectively. In the year 2001, the company changed its accounting year ending from December 31 to November 30. As such the figures for the current quarter ended August 31, 2002 are not directly comparable with the corresponding figures for the quarter ended September 30, 2001.

L&T contract

Larsen & Toubro Ltd (L&T) has bagged engineering, procurement and construction contract worth $ 25 million from Kuwait National Petroleum Company for revamp of sulphur recovery units at its refineries. The two projects are located at Shuaiba and Mina Abdullah and valued at $ 14.1 million and $ 10.7 million respectively, a company release said.

Reliance rating

Fitch Ratings has affirmed AAA (Ind) debt rating to Reliance Industries following completion of its merger with Reliance Petroleum (RPL). The agency simultaneously withdrew the AA+ rating accorded to RPL, a release said.

HPGas helpline

Hindustan Petroleum Corporation Limited (HPCL) has commissioned the HPGas helpline — 1716. Through the helpline customers can avail services like refill booking, emergency complaints or any other customer service queries\suggestions. The service is available 24 hours a day, seven days a week.

Infotech fair

The Karnataka government, in association with Software Technology Parks of India, will organise the international information and communication technology event 2002 from October 28 to November 1. Further information about the event is available on its website www.

Hero Mindmine

Hero Mindmine, a division of Hero Corporate Services, has signed a memorandum of understanding (MoU) with Daksh e-Services under which the former would help Daksh in resourcing customer service executives for its voice and web operations. “Daksh will recruit students who have been trained and certified by Hero Mindmine as well as freshers who meet their selection criteria,” a company release said.

Linc Pen

Linc Pen & Plastics has launched a triangular shaped pen Tri-IT. Available in black, blue and red, the pens are priced at Rs 3 each.

Agilent Tech

Agilent Technologies has launched the mixed-signal oscilloscopes, a release said.

SBI Card

SBI Card has launched the city-specific credit card in Calcutta, a release said.

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