NFL earns a profit of Rs 110.16 crore

Monday, May 1, 2006, 22:55 [IST]

New Delhi, Apr 29 (UNI) National Fertilizers Ltd (NFL), a leading producer in nitrogenous fertilizers in the country, has registered a net profit of Rs 110.16 crore for the year 2005-06.

Its gross profit before tax was Rs 169.06 crore during this period.

During 2005-06, NFL produced 33.44 lakh tonnes of urea with a record capacity-utilisation of 103.5 per cent. Besides, it made a record production of bio-fertilizers at 175 tonnes against installed capacity of 110 tonne and 4,88,789 tonnes of Neem-coated urea, the product NFL had pioneered.

The company sold 33.64 lakh tonnes of urea with its acutal dispatches of 33.19 lakh tonnes during 2005-06, said NFL Chairman and Managing Director G S Mangat here today.

It has bagged several awards in the fields of safety, environment and energy development including 'Prashansa Patra-2005'.

UNI JSS PV BD1643

Machinery exports from India on the rise: DHL study

Monday, May 1, 2006,22:56 [IST]

Mumbai, Apr 30 (UNI) The Indian manufacturing sector has registered a strong growth of over nine per cent in the last two years with the capital goods sector recording a 14-15 per cent growth, states the DHL India Trade Outlook report, a monthly report that measures the economy and trade in India. The machinery manufacturers have played an important role in enhancing the competitiveness of the manufacturing sector. India's exports as well as imports.....

Global footwear brands eyeing India: DHL study

Monday, May 1, 2006,22:56 [IST]

Mumbai, Apr 30 (UNI) International brands and global retail chains, taking note of India's emergence as a leader in global footwear production, have started looking at India as a one-stop destination to source leather footwear and even establish their manufacturing plants, according to a DHL India Outlook report. A number of footwear companies from South East Asia and Europe are increasingly looking to set up their manufacturing facilities in India. Also the in-principle approval.....

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Silver down, gold up during the weekend

Monday, May 1, 2006,22:56 [IST]

Mumbai, Apr 30 (UNI) Spot silver prices crashed and closed at Rs 20,550 per kg on thin buying support, while that of gold zoomed up at Rs 9,610 per ten gm on heavy demand on bullish global advice during the week ended yesterday, traders said. Silver .999 fineness ready grade opened low on Monday at Rs 20,785 per kg on sustained heavy selling pressure from domestic industrial users. It fell on April 25 at.....

World cotton supply may continue to grow in 2006-07

Monday, May 1, 2006,22:56 [IST]

Mumbai, Apr 30 (UNI) World cotton supply and demand have reached record levels in 2005-06 and they are set to reach new highs in 2006-07, according to for forecast made by the International Cotton Advisory Committee (ICAC), In its latest issue, ICAC states that world cotton supply consisting of beginning stock plus production reached a record 35.7 million tonnes in 2005-06, and almost one million tonnes mroe than in 2004-05 and almsot six million tonnes.....

BSE/NSE,Commodities market to be closed on Maharashtra Day

Monday, May 1, 2006,22:56 [IST]

Mumbai, Apr 30 (UNI) All the principal markets including the Bombay Stock Exchange(BSE), National Stock Exchange(NSE),RBI, Forex and and call money along with spot and futures in the commodities market like sugar, cotton, oils, metal and bullion will remain officially closed here on Monday for 'Maharashtra day', traders said. UNI RRP/VD PP VKG0945.....