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JSW Energy scouting for partners, acquisitions
JSW Energy is planning to become an integrated power company by bringing in a partner for its transmission business and in its proposed distribution business. The company has shortlisted three companies for the proposed partnership in transmission.

Samtel cockpit displays for Sukhoi-30MKI
The Indian Air Force’s Sukhoi-30MKI fighter is a beast that is tamed only by technology. The aircraft’s giant AL-31FP turbofan engines, which allow manoeuvres that no other fighter can dream of, are monitored by its pilots on high-tech computer screens called multi-function displays, or MFDs. A quick glance across the MFDs also provides information about on-board weapons and sensors, telling the pilots everything about how the aircraft is flying and fighting.

News of the day

Copenhagen: Intense negotiations as emerging nations resist scrutiny
The US-brokered deal with India and three other emerging economies went down to the wire with a personal push by President Barack Obama, even as developing nations appeared to have staved off attempts to subject their voluntary mitigation actions to international review.
Management

Tata Power net down 28%

Tata Power Company reported a 28 per cent fall in net profit at Rs 182.1 crore for the second quarter ended September, compared to Rs 252.9 crore for the corresponding quarter last year. - Madhucon Projects Q2 net dips 7% - GE Shipping Q2 net dips 82% to Rs 106 cr - GVK Power Q2 net surges 45% - ABB Q2 net declines 21% to Rs 83 cr - Nalco"s Q2 net erodes 64% at Rs 159 cr - Mundra Port's Q1 net zooms 56% Net sales were also lower at Rs 1,721.1 crore, 12 per cent lower as against the Rs 1,958.9 crore in the same period last year. Total income of the company has decreased by 16.3 per cent from Rs 2,147.3 crore in the corresponding previous year quarter to Rs 1,796.6 crore for the quarter ended September 30, by the audited results. Tata Power said the results are not comparable with last year, due to higher forex gain of Rs 76.7 crore in the second quarter of last year, whereas this was only Rs 3.1 crore in the second quarter of this year. The remaining other income for the period was also lower at Rs 72.4 crore, against Rs 111.7 crore in the corresponding quarter last year. The company also said net sales were lower, mainly due to reduction in fuel price. The benefit has been passed on to consumers, by lowering power rates.


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