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Friday, Jul 21, 2006

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Corporate Results - Paper, Board & Newsprint
TNPL posts Rs 18.81-cr Q1 profit

Our Bureau

Chennai , July 20

Tamil Nadu Newsprint and Papers Ltd has reported a profit after tax of Rs 18.81 crore on net sales turnover of Rs 179.32 crore for the first quarter ended June 30, 2006.

During the corresponding period in the previous year the company reported a net profit of Rs 13.14 crore on net sales of Rs 172.79 crore.

According to a press release from the company, it has raised pulpwood plantation on 10,000 acres through farm forestry and captive plantation programmes.

The Rs 565-crore mill development plan, which envisages expansion of in-house pulping capacity to 800 tonnes a day from the present 520 tonnes through the elemental chlorine-free process, will be completed by June 2007. The production capacity will go up to 2.3 lakh tonnes a year from 2.45 lakh tonnes.

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Reliance net up 10 pc in Q1

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Gujarat Ambuja Q4 net doubles
Thermax plans additional unit at Vadodara
Nicholas Piramal net falls 5.7 pc
Ranbaxy Q2 net rises 19.5 pc at Rs 121 cr
Raymond net dips by 38 pc
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MRF Q3 net drops to Rs 8.17 cr
Godrej Consumer Q1 net up at Rs 30.49 cr
Havell's Q1 net profit up 81 pc
Ganesh Housing Q1 net up
Sasken Q1 net rises 38 pc
TNPL posts Rs 18.81-cr Q1 profit
Biocon net dips 16 pc in Q1
KS Oils Q1 net up 142 pc
Kotak Mahindra Bank net up 21%
Canara Bank Q1 net up marginally at Rs 191 cr
Union Bank net declines 30 pc on higher provisioning

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