Godrej Industries has received its board’s approval for capital expenditure of about Rs 265 crore plus applicable costs including stamp duty, registration charges and other charges towards acquiring a corporate office at ‘Godrej One’, Vikhroli. Godrej One is the first phase of the Joint development project ‘The Trees’ between the company and Godrej Properties, a subsidiary of the company.
Further, the company’s board has authorized the management committee and certain directors and officers of the company to negotiate and finalize deal(s), execute document(s), take necessary permission(s) / approval(s), raise finance and carry out all such actions as may be necessary in this regard.
The Group’s net profit for December quarter of FY12 jumped by 39.22% at Rs 84.73 crore whereas the same was at Rs 60.86 crore for December quarter of FY11. The Group’s total income registered growth of 41.28% at Rs 1,487.53 crore for the quarter ended December 31, 2011 whereas the same was at Rs 1,052.86 crore for the quarter ended December 31, 2010.
| Company Name | CMP |
|---|---|
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| Tata Chemicals | 709.05 |
| SRF | 2493.65 |
| Pidilite Inds. | 1393.25 |
| Deepak Nitrite | 1538.00 |
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