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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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Hindustan Fluoro Carbons to hold board meeting
Feb 21,2017

Hindustan Fluoro Carbons will hold a meeting of the Board of Directors of the Company on 27 February 2017, to consider proposal for Strategic Disinvestment of HFL.

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Orissa Sponge Iron & Steel to hold EGM
Feb 21,2017

Orissa Sponge Iron & Steel announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 18 March 2017.

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Centron Industrial Alliance to hold board meeting
Feb 21,2017

Centron Industrial Alliance will hold a meeting of the Board of Directors of the Company on 25 February 2017, to consider and approve the shifting registered office of the company from State of Maharashtra to State of Madhya Pradesh, & to consider and approve of Notice of Postal ballot.

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Scintilla Commercial & Credit to hold board meeting
Feb 21,2017

Scintilla Commercial & Credit will hold a meeting of the Board of Directors of the Company on 23 February 2017, to consider the matter relating to voluntary delisting of the Equity Shares of the Company from The Calcutta Stock Exchange Ltd. in terms of the provisions of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 as amended.

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Swan Energy to hold board meeting
Feb 21,2017

Swan Energy will hold a meeting of the Board of Directors of the Company on 22 February 2017, to consider fund raising by way of preferential issue of Equity Shares of the Company.

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Texmaco Rail & Engineering incorporates subsidiary - Belur Engineering
Feb 21,2017

Texmaco Rail & Engineering has incorporated a wholly owned subsidiary named - Belur Engineering on 20 February 2017.

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HCL Technologies allots 22,000 equity shares
Feb 21,2017

HCL Technologies announced that the Employees Stock Option Allotment Committee of the Company has on 20 February 2017 allotted 22,000 Equity Shares of Rs. 2/- each, under the 2004 Stock Option Plan of the Company. Consequent to the said allotment the paid-up share capital of the Company has gone up to 1,411,219,994 equity shares of Rs.2/- each aggregating to Rs. 2,822,439,988/-.

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McNally Bharat Engineering Company to hold EGM
Feb 21,2017

McNally Bharat Engineering Company announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 16 March 2017.

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K D Trend Wear to hold board meeting
Feb 21,2017

K D Trend Wear will hold a meeting of the Board of Directors of the Company on 22 February 2017, to Delist the Equity Shares of the Company from Institutional Trading Platform of BSE Limited in terms of the provisions of Chapter XC of SEBI ICDR Regulations, 2009 as amended upto date.

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CMI to hold board meeting
Feb 21,2017

CMI will hold a meeting of the Board of Directors of the Company on 22 February 2017, to consider and approve Scheme of amalgamation between CMI Energy India Private Limited (Transferor Company) and CMI Limited (Transferee Company) as per the Section 233 of Companies act, 2013.

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CHD Developers to hold board meeting
Feb 21,2017

CHD Developers will hold a meeting of the Board of Directors of the Company on 22 February 2017, to discuss and consider the proposal for the issuance of Non-Convertible Debentures through private placement .

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Power Grid Corporation of India announces appointment of directors
Feb 21,2017

Power Grid Corporation of India announced that Ministry of Power has vide Order dt. 16 February 2017 conveyed the appointment of Tse Ten Dorji and Jyotika Kalra as part-time non-official Directors on the Board of POWERGRID for a period of three years from the date of notification of their appointment, or until further orders, whichever is earlier.

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State Bank of Travancore intimates of bank strike
Feb 21,2017

State Bank of Travancore announced that the United Forum of Bank Unions (UFBU) has called for an All India Bank Strike on 28 February 2017 raising various issues. In the event of the strike taking place, the normal Banking operations in our Bank may get affected on 28 February 2017.

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Tech Mahindra allots 255484 equity shares
Feb 21,2017

Tech Mahindra announced that the resolution passed by the Securities Allotment Committee of the Board of Directors of the Company on 20 February 2017 for issue and allotment of a total of 255484 equity shares of Rs. 5/- each under various ESOPs.

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Ambuja Cements drops in early trade
Feb 21,2017

Meanwhile, the S&P BSE Sensex was up 14.56 points or 0.05% at 28,676.14.

On the BSE, 70,000 shares were traded on the counter so far as against the average daily volumes of 1.12 lakh shares in the past one quarter. The stock had hit a high of Rs 238.50 and a low of Rs 232.25 so far during the day.

The stock had hit a 52-week high of Rs 282 on 31 August 2016 and a 52-week low of Rs 185 on 29 February 2016. The stock had outperformed the market over the past one month till 20 February 2017, surging 10.07% compared with the Sensexs 6.02% rise. The scrip had also outperformed the market over the past one quarter, gaining 20.33% as against the Sensexs 9.6% rise.

The large-cap company has equity capital of Rs 397.13 crore. Face value per share is Rs 2.

Ambuja Cements consolidated net profit surged 85.24% to Rs 205.70 crore on 102.41% growth in total income to Rs 4993.30 crore in Q4 December 2016 over Q4 December 2015.

The companys consolidated net profit rose 38.77% to Rs 1121.13 crore on 112.12% growth in total income to Rs 20861.97 crore in the year ended December 2016 over the year ended December 2015.

In its outlook, the company said that it expects good cement growth in 2017, supported by the governments continued focus on housing and infrastructure development and anticipate volume effects from demonetisation to be reduced by the end of Q1 March 2017. The announcement of interest subsidy schemes and an interest rate cut, the recent announcement in the Union Budget for infrastructure development, including the award of infrastructure status to affordable housing and the increased budget allocation for roads, railways and irrigation will be key drivers for cement demand, it added.

Ambuja Cements is engaged in manufacturing and marketing cement and clinker for both domestic and exports. The company sells cement under the Ambuja Cement brand.

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