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Surya Industrial Corporation to hold AGM

Surya Industrial Corporation to hold AGM

Sep 14,2016

Surya Industrial Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Nishtha Finance & Investment (India) announces new corporate office
Jul 05,2017

Nishtha Finance & Investment (India) announced its new corporate office in the state of Gujarat at Ahmedabad -

Unit No. 2, 2nd Floor Narayana Complex
Neat Navrangpura Bus Stand
Navrangpura
Ahmedabad - 380 009

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Sutlej Textiles and Industries fixes record date for dividend
Jul 05,2017

Sutlej Textiles and Industries has fixed 14 July 2017 as the Record Date for the purpose of Payment of Dividend.

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MERIT app and e-Bidding portal for utilization of domestic coal in IPP Power Stations for reducing the cost of power generation launched
Jul 05,2017

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal launched here today the MERIT app (Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency) and the e-bidding portal for providing e-Bidding solution to States to select Independent Power Producers (IPPs) for procurement of power by transferring their domestic coal under the scheme of flexibility in utilization of domestic coal.

Briefing the media on the occasion, Shri Goyal said that both the initiatives are taken in the direction of Prime Minister Narendra Modis vision of Minimum Government and Maximum Governance through Speed, Skill and Scale. The app and the web portal would result in optimum utilization of Coal which would save the consumer close to Rs. 20,000 crores five years down the line, the Minister added.

Shri Goyal said that use of technology to increase transparency and accountability and transfer maximum benefit to the consumer reflects a 360-degree approach of a Government in Action. The Government is dedicated to ensure access to affordable, quality, 24x7 Power for All, in Prime Ministers vision of New India, the Minister added.

Over the last three years, India has rapidly achieved adequacy in terms of availability of power. Now the time has come to shift the focus to optimal utilization of the valuable and scarce energy resources for achieving economy and efficiency in operation. The merit order stack is a common approach to the problem of minimizing the sum of generators operating costs while honoring the operational constraints of the available generation to supply the demand in a secure and reliable manner.

The Tariff Policy, 2016 provides that the States/DISCOMs shall follow merit order for procurement of power and there should be uniformity in merit order mechanism. During the Power Ministers conference held at Vadodara in Oct, 2016, it was decided to constitute a Committee to examine the status of implementation of Merit Order Dispatch, issues involved therein and for ensuring proper dispatch of renewable energy sources while following the merit order principle. Accordingly, Merit Order Dispatch Committee was constituted in October 2016.

The recommendations of the Committee have been prepared with regard to Transparency in Merit Order operations and promotion of Renewables through effective implementation of Must-Run status of Renewables. Most states follow merit order operation; however, details in this regard need to be made transparently available. Hence, there was a need to have a mechanism to quantify deviation from merit order and check its reasonableness. The adherence to merit order optimizes the power procurement cost and benefits both utility and ultimate consumer.

In this direction, a web portal and mobile apps for Merit Order Despatch of Electricity (MERIT) have been developed in association with POSOCO. The app displays extensive array of information regarding the merit order such as daily state-wise marginal variable costs of all generators, daily source-wise power purchases of respective states/UTs with source-wise fixed and variable costs, energy volumes and purchase prices. The app also gives information regarding reasons for deviation from merit order such as must run conditions, transmission constraints etc.

The advantages of MERIT app are as follows:

n++ Empowerment of the Consumer and participative governance

n++ Transparent information dissemination pertaining to marginal variable cost and source wise purchase of electricity

n++ Promotes economy and efficiency in operations

n++ Helps understand the utility portfolio and its complexity

n++ Optimization of the power procurement costs

n++ Facilitates renewable integration and handling of the variability and uncertainty of renewables

n++ Indication of supply side reliability, adequacy, and co

n++ The flexibility in utilization of domestic coal scheme envisages transferring coal to more efficient IPPs generating stations, leading to lower generation costs and ultimately lesser cost of electricity for the consumers.

The Minister also launched the e-Bidding portal, which has been designed to facilitate States in inviting bids for procurement of power from the prospective IPPs in transparent and fair manner. The successful bidder shall be selected through e-Reverse Bidding process.

The Cabinet, on 4th May 2016, approved the proposal for allowing flexibility in utilization of domestic coal amongst power generating stations. Central Electricity Authority (CEA) has issued the methodology for utilization of domestic coal within State/Central generating stations on 8th June 2016, followed by the issuance of a memorandum by the Ministry of Power on 10th June 2016. The methodology for use of transferred coal in Independent Power Producers (IPPs) generating stations was issued by Ministry of Power on 20th February, 2017.

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Kome-On Communication to hold board meeting
Jul 05,2017

Kome-On Communication will hold a meeting of the Board of Directors of the Company on 14 July 2017 Un-Audited Financial Result for the quarter ended on 30-06-2017

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Shree Surgovind Tradelink to hold AGM
Jul 05,2017

Shree Surgovind Tradelink announced that the th Annual General Meeting(AGM) of the company on 24 July 2017.

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RBL Bank to hold board meeting
Jul 05,2017

RBL Bank will hold a meeting of the Board of Directors of the Company on 7 July 2017 to consider the proposal for fund raising by way of preferential issue of equity shares in terms of Section 42 and 62(1)(c) of the Companies Act, 2013 read with Rules made thereunder, the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable laws, if any.

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V-Guard Industries to hold board meeting
Jul 05,2017

V-Guard Industries will hold a meeting of the Board of Directors of the Company on 31 July 2017 unaudited financial results of the Company for the quarter ended June 30, 2017.

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SRS Finance to hold board meeting
Jul 05,2017

SRS Finance will hold a meeting of the Board of Directors of the Company on 12 July 2017 To decide the date of AGM & Book Closure

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Ashish Polyplast to hold board meeting
Jul 05,2017

Ashish Polyplast will hold a meeting of the Board of Directors of the Company on 5 July 2017.

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Crestchem to hold board meeting
Jul 05,2017

Crestchem will hold a meeting of the Board of Directors of the Company on 12 July 2017 Change in Auditors

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Stellar Capital Services to hold board meeting
Jul 05,2017

Stellar Capital Services will hold a meeting of the Board of Directors of the Company on 13 July 2017.

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Nucleus Software Exports to hold board meeting
Jul 05,2017

Nucleus Software Exports will hold a meeting of the Board of Directors of the Company on 20 July 2017 To take on record the Audited Standalone Financial results of the company for the Quarter ended June 30, 2017.

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IndusInd Bank to hold board meeting
Jul 05,2017

IndusInd Bank will hold a meeting of the Board of Directors of the Company on 11 July 2017 Unaudited Financial Results for the Quarter ended June 30, 2017.

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Automobile Corporation Of Goa to hold AGM
Jul 05,2017

Automobile Corporation Of Goa announced that the 37th Annual General Meeting(AGM) of the company on 27 July 2017.

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Ashari Agencies to hold AGM
Jul 05,2017

Ashari Agencies announced that the 32th Annual General Meeting(AGM) of the company on 27 July 2017.

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