Crown Group takes leap towards Atmanirbhar in Defence Sector ANI | Updated: Feb 01, 2021 14:13 IST
Bangalore (Karnataka) [India], February 1 (ANI/NewsVoir): The Crown Group, the numero uno technology provider, component manufacturer and a strategic partner in India s defence sector, is participating in the forthcoming AERO INDIA 2021 to showcase indigenously developed technology innovations in manufacturing, maintenance, modernisation, repair and servicing for all the three services - Army, Navy and Air Force.
The Crown Group has already established itself as a Preferred Partner of Choice in India for East European and WesternGlobal Enterprises engaged in Defence Engineering, Servicing and allied sectors. Being one of the most experienced companies in manufacturing and servicing of defence equipment and machinery for over 40 years, the group has existing defence equipment manufacturing plants, service centres and defence tie-ups.
Divestment, real estate sale also aid profit; revenue dips 2%
L&T reported a 5% rise in consolidated net profit for the third quarter ended December 31 to ₹2,467 crore on account of higher profit from the information technology and technology services (IT & TS) segment and sale of commercial property by its realty division.
The PAT also included gains on divestment of ₹209 crore from discontinued operations.
“The gain of divestment is towards further adjustments accrued against the sale of the electrical and automation business to Schneider Electric SE in the previous quarter and sale of the U.K.-based marine control and automation systems subsidiary to Rolls-Royce Power Systems AG,” L&T said.