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Our Bureau

Mumbai, Aug. 18

Greaves Cotton has reported a 37 per cent rise in its net profit for its financial year ended June 30, 2006, to touch Rs 85 crore, compared with Rs 62 crore posted during the previous fiscal. During the year, its revenue stood at Rs 947.61 crore (Rs 738.33 crore), representing a growth of 28 per cent.

Greaves has drawn up a capital expenditure plan for Rs 150 crore in the current fiscal, which includes enhancing its production capacities at its engines and infrastructure equipment manufacturing facilities. The company is planning substantial investment in R&D for development of new products in the large engines and infrastructure equipment segments.

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Greaves Cotton full-year net up 37%

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