Triveni Engineering and Industries reports results for the third quarter ended June 30, 2011.
The company, which is mainly engaged in sugar business, reported net loss of Rs 21.23 crore for the third quarter, ended June 30, 2011 against net loss of Rs 14.23 crore for the same quarter last year. The net sales stood at Rs 415 crore for the third quarter of 2010-11 against Rs 591 crore for the same quarter last year down by 29.78%. Triveni follows October-September fiscal in line with sugar season.
The company is engaged in the business of manufacturing sugar, steam turbines and projects and engineering activities and it has a strong global presence through strategic tie-ups and joint ventures with dealers and representatives in Finland, Ireland, Venezuela, Holland, Germany, US, Nepal, Bangladesh, Vietnam, Malaysia, Singapore, Indonesia, Sri Lanka, Uganda, Tanzania, West Indies, Kenya and Pakistan.
