EIH net profit declines 21.54% in the year ended March 2009

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METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
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CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)
PROFIT UP 55% AT RS.143.50 CR; NET SALES UP 22.5% AT RS.2234.20 (YOY)
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KEEPS OVERNIGHT LENDING RATE UNCHANGED AT 0.1%
STILL SEE DOWNSIDE RISK FOR THE ECONOMY
AIM TO CONVERT NON USERS TO USERS WITH THE HELP OF ROAMING TARIFF CUTS
PREFER TO REMAIN AGGRESSIVE WITHOUT GETTING INTO A PRICE WAR
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ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
ROAMING CALLS ON OWN NETWORK AT 60 PAISE/MIN
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COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS

Updated: 01/07/2009 | 12:00 AM IST

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Net profit of EIH declined 21.54% to Rs 170.44 crore in the year ended March 2009 as against Rs 217.22 crore during the previous year ended March 2008. Sales declined 18.01% to Rs 888.67 crore in the year ended March 2009 as against 1083.87 crore during the previous year ended March 2008.