Sugar manufacturer Triveni Engineering and Industries on Wednesday said it had obtained statutory approvals for demerger of its steam turbine business to Triveni Turbine and is taking required steps to get the equity shares of the resulting company listed and traded at the earliest. It also announced a net profit of Rs..23.50 crore for the second quarter ended March 31, 2011 against Rs. 14.88 crore in the corresponding period in the previous year. It clocked net sales of Rs.455 crore against Rs. 593.85 crore. — Special Correspondent