• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kolkata, Sept. 30 The Ruia group controlled Jessop and Co Ltd has received order from the Emirates Trading Agency (ETA) group of Dubai for supplying five rakes of wagons worth Rs. 50 crore to its Indian arm ETA Engineering.

The company is also expecting to bag a major order for wagons from a multinational player in the logistics sector, according to managing director Mr S.C. Saxena.

The Ruia Group acquired the sick heavy engineering & infrastructure public sector company in 2003. The company’s profit after tax in 2007-08 stood at Rs.18.66 crore against Rs.11.08 crore in 2006-7.

In another development, Ruia group promoter and the company chairman Mr. P K Ruia stepped down from the post executive member on the board of Jessop. “Mr Ruia is busy in global acquisitions and expansion of the Ruia Group, that is why he stepped down from being an executive member in the board of Jessop,’ Mr Saxena said.

More Stories on : New Business | Railways

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line