Kirloskar up on block deal
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Reliance Diversified Power Sector Fund purchased 3.73 lakh shares and Reliance Capital Asset Management bought 4,000 shares during the week. The combined holding of both these funds has thus increased from 7.41 per cent to 10.44 per cent.
The company recently won an order from Cochin Shipyard to supply air conditioning plant for a prestigious ship. This order is worth Rs 80 crore taking the total order board for ACR & process gas division to Rs 273 crore. The total order book of the company has crossed Rs 500 crore.
The company posted 7 per cent growth in net profit to Rs 20.01 crore for the quarter ended March 2008, against Rs 18.70 crore in previous year, while net sales increased less than one per cent to Rs 169.90 crore (Rs 169.27 crore) during the quarter.