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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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IRB Infra gains on achieving financial closure of road project
Jul 06,2017

The announcement was made after market hours yesterday, 5 July 2017.

Meanwhile, the S&P BSE Sensex was up 159.19 points, or 0.51% to 31,404.75.

On the BSE, 1.61 lakh shares were traded in the counter so far, compared with average daily volumes of 3.08 lakh shares in the past one quarter. The stock had hit a high of Rs 221.10 and a low of Rs 214.50 so far during the day. The stock hit a 52-week high of Rs 272.40 on 3 May 2017. The stock hit a 52-week low of Rs 177.50 on 23 November 2016.

The stock had underperformed the market over the past one month till 5 July 2017, falling 7.58% compared with 0.18% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 12.93% as against Sensexs 4.40% rise. The scrip had also underperformed the market in past one year, falling 2.13% as against Sensexs 15.01% rise.

The mid-cap company has equity capital of Rs 351.45 crore. Face value per share is Rs 10.

IRB Infrastructure Developers said that its special purpose vehicle, Udaipur Tollway, has successfully achieved financial closure for its Udaipur-Gujarat Border six laning BOT (build-operate-transfer) project.

The special purpose vehicle, in terms of the concession agreement executed with the National Highways Authority of India (NHAI), has tied up with the consortium of lenders for project finance to the tune of Rs 1461 crore.

The project involves 6 laning of national highway (NH)-8 between Udaipur to Gujarat border of 113.8 Kms length. Concession Period for the project is 21 years including construction period of 910 days. Tolling commences from the appointed date.

The total project cost is Rs 2088 crore, out of which Rs 627 crore will be an equity contribution by the road developer and remaining will be funded by the consortium of lenders led by Canara Bank with average cost of around 10.65% per annum. Other lenders of the project include Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, Indian Overseas Bank, Andhra Bank and Aditya Birla Finance.

On a consolidated basis, IRB Infrastructure Developers net profit rose 32.15% to Rs 207.23 crore on 5.89% growth in net sales to Rs 1627.12 crore in Q4 March 2017 over Q4 March 2016.

IRB Infrastructure Developers is one of the largest private roads and highways infrastructure developers in India.

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Valiant Organics to hold board meeting
Jul 06,2017

Valiant Organics will hold a meeting of the Board of Directors of the Company on 6 July 2017.

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Tata Global Beverages to pay dividend
Jul 06,2017

Tata Global Beverages announced that dividend, if approved by the Shareholders at the ensuing AGM will be paid on or after 21 August, 2017.

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JV of ARSS Infrastructure Projects bags work order worth Rs 71.57
Jul 06,2017

ARSS Infrastructure Projects announced that its JV ARSS-SCPL has been awarded a work order by East Coast Railway on 04 July 2017. The work order amounting to Rs 71.57 crore namely Koraput - Singapur Road Doubling Project involves construction of Major Bridge No. 1 (1x18.3m Composite Girder, RUB), Br. No3 (5x30.5m composite Girder), Br.No.6 (5x30.5 Composite Girder),Br. No.12 (1x12.2m +1x30.5m+1x12.2m Composite Girder),Br. No.19 (1x12.2m +1x30.5m+1x12.2m Composite Girder),Br. No. 21A (1x36.0m Composite Girder, ROB),Br.NO.25(2x9.15m RCC Box) &,Br.NO.26(3x6.1m RCC Box) between Koraput -Damanjodi stations in connection with Doubling of Koraput - Singapur Road section of WAT Division, East Coast Railway.

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Lloyds Metals & Energy to hold board meeting
Jul 06,2017

Lloyds Metals & Energy will hold a meeting of the Board of Directors of the Company on 18 July 2017.

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Multi Commodity Exchange of India to hold board meeting
Jul 06,2017

Multi Commodity Exchange of India will hold a meeting of the Board of Directors of the Company on 13 July 2017.

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Oriental Hotels to hold board meeting
Jul 06,2017

Oriental Hotels will hold a meeting of the Board of Directors of the Company on 25 July 2017.

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Prakash Industries to hold board meeting
Jul 06,2017

Prakash Industries will hold a meeting of the Board of Directors of the Company on 17 July 2017.

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SIL Investments to hold board meeting
Jul 06,2017

SIL Investments will hold a meeting of the Board of Directors of the Company on 17 July 2017.

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Grand Foundry to hold board meeting
Jul 06,2017

Grand Foundry will hold a meeting of the Board of Directors of the Company on 13 July 2017.

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Hero MotoCorp to hold board meeting
Jul 06,2017

Hero MotoCorp will hold a meeting of the Board of Directors of the Company on 25 July 2017.

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Gujarat Narmada Valley Fert. & Chem. to hold board meeting
Jul 06,2017

Gujarat Narmada Valley Fert. & Chem. will hold a meeting of the Board of Directors of the Company on 4 August 2017.

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Wendt India to hold board meeting
Jul 06,2017

Wendt India will hold a meeting of the Board of Directors of the Company on 24 July 2017.

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ISGEC Heavy Engineering to hold AGM
Jul 06,2017

ISGEC Heavy Engineering announced that the 84th Annual General Meeting(AGM) of the company on 29 July 2017.

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Reliance Industrial InfraStructure to hold board meeting
Jul 06,2017

Reliance Industrial InfraStructure will hold a meeting of the Board of Directors of the Company on 13 July 2017.

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