Aditya Birla Group’s Grasim Industries have entered into an agreement with Omikenshi Company, Japan to jointly develop New International markets for Viscose Staple Fibre (Rayon) products. Under the terms of the agreement signed, Omikenshi and Grasim will develop the technology together and manage the increased product anticipation as the companies enter the new market. In addition to the specific products at the core of the agreement, the two companies will also explore future collaboration through a joint research and development program.
On standalone basis, the company posted a fall of 13.11% in its net profit at Rs 272.94 crore for the quarter ended June 30, 2012 as compared to Rs 314.13 crore for the same quarter in the previous year. However, total income has increased by 17.68% at Rs 1323.45 crore for quarter under review as compared to Rs 1124.63 crore for the quarter ended June 30, 2011.
Company Name | CMP |
---|---|
Grasim Industries | 2686.40 |
DCM Shriram | 1089.65 |
Birla Corporation | 1205.00 |
Surya Roshni | 652.05 |
3M India | 33292.00 |
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