Corporate


Better-equipped, Thermax picks up steam on comeback trail
FOR years, Thermax India, the Pune-based energy and environment engineering company, rubbed shoulders with corporate India's blue chip royalty before it hit a rough patch a few years ago. The company plummetted into the red and Chairperson Anu Aga had to call in Boston Consulting Group to analyse the problem and suggest solutions. For starters, BCG proposed and Ms Aga implemented the unprecedented task of reconstituting a 13-member board.

Financial Performance
Bharat Forge net profit falls 81 pc
BHARAT Forge Ltd, the Pune-based forgings and auto components major, reported a 16 per cent drop in revenue and 81 per cent drop in net profits for the second quarter ended September 30, 2001 in comparison to the corresponding quarter last year.

Finolex Cables net down
FINOLEX Cables Ltd has reported a 66.6 per cent decline in net profit at Rs 8.37 crore for the quarter ended September 30, 2001 as compared to Rs 25.09 crore in the year-ago period.

Health
Apollo to merge Mumbai clinic with the parent
APOLLO Hospitals plans to merge Apollo Clinic in Mumbai with the holding company, Apollo Hospitals Enterprises Ltd (AHEL).

Power
Alstom to revamp DVC power plant capacity
DAMODAR Valley Corporation (DVC) has awarded a contract to Alstom Power India Ltd (APIL) for the renewal and uprating of its existing 60 MW (3 X 20 MW) capacity Maithon hydropower project, located near Asansol in West Bengal. The post-renewal capacity of each unit will be 23.8 MW.

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