Ybl Posts 113% Rise In Net Profit

Industrial automation company Yokogawa Blue Star Ltd (YBL), the Indian joint venture of Yokogawa Electric, Japan and Blue Star, India has recorded an increase of 113 per cent in its net profit, at Rs 7.61 crore as compared to the previous year. The total revenue of Rs 152.69 crore jumped by 15 per cent, according to a company statement. The company is forming a 100 per cent subsidiary plant, Centric Technologies. The new company will focus on providing services in extended enterprise applications market for the process industry.