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Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Sep 14,2016

Net profit of Future Enterprises rose 615.37% to Rs 315.48 crore in the quarter ended June 2016 as against Rs 44.10 crore during the previous quarter ended June 2015. Sales declined 67.64% to Rs 921.19 crore in the quarter ended June 2016 as against Rs 2846.84 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales921.192846.84-68
OPM %24.969.91-
PBDT295.07184.1360
PBT142.3249.92185
NP315.4844.10615

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Shilpi Cable Technologies gets assigned rating for proposed NCD issue
Apr 10,2017

Shilpi Cable Technologies announced that Brickwork Ratings has assigned credit rating BWR A (SO) (Outlook : Stable) to the proposed NCD issue of Rs 100 crore by the Company.

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Board of Aarti Industries approves investment of Rs 75 crore
Apr 10,2017

Aarti Industries announced that the Board of Directors of the Company have approved an investment of Rs 75 crore to set up a world class R&D, scale up and innovation complex at Jhagadia, Gujarat spread over 50,000 sq. ft and equipped with the state of the art equipment and analytic tools.

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Cholamandalam Investment & Finance Company to allot 10,261 equity shares
Apr 10,2017

Cholamandalam Investment & Finance Company announced that the Nomination and Remuneration Committee has approved an allotment of 10,261 equity shares of Rs.10/- each to the option grantees who have exercised their options. The Company will be applying for the final listing of the above shares on NSE and BSE to complete the rest of the issue formalities

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Elecon Engineering Company secures order from IFFCO
Apr 10,2017

Elecon Engineering Company has been awarded a prestigious order from Indian Farmers Fertiliser Cooperative (IFFCO) for Bagging facilities expansion on turnkey basis at its Kandla Unit, Gujarat aggregating worth of Rs. 59 crore.

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NHPC achieves mechanical spinning of unit 2 of Prabati HE Project
Apr 10,2017

NHPC announced that Mechanical Spinning of Unit #2 of Prabati HE Project (4x200 MW), State II in Kullu, Himachal Pradesh has been successfully achieved on 09 April 2017.

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Tamil Nadu Petro Products announces appointment of director
Apr 10,2017

Tamil Nadu Petro Products announced that Atulya Misra [DIN: 02210369], IAS, Principal Secretary, Industries Department, Government of Tamilnadu, has been appointed as an Additional Director representing Tamil Nadu Industrial Development Corporation (TIDCO), and also as the Chairman of the Board of the Company. The appointment is effective from 10 April 2017.

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Gujarat Industries Power Co. commissions 12.6 MW wind turbine generators
Apr 10,2017

Gujarat Industries Power Co has commissioned 12.6 MW (6 WTGs x 2.1 MW) WTGs of the Kuchhdi Wind Farm site, Ta. & Dist.: Porbandar, Gujarat for which Certificate of Commissioning has been issued by Gujarat Energy Development Agency (GEDA). With the commissioning of above WTGs, the 50.4 MW Wind Farm Site at Village Kuchhdi, Ta. & Dist.: Porbandar, Gujarat is now fully commissioned.

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Indian Hume Pipe Company secures work order worth Rs 109.64 crore
Apr 10,2017

Indian Hume Pipe Company has secured work order of Rs 109.64 crore from Public Health Engineering Department, NCR Region, Alwar, Govt. of Rajasthan for execution of the work of reorganization of Urban Water Supply Scheme at Alwar and Bhiwadi towns.

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Natco Economicals announces resignation of company secretary and compliance officer
Apr 10,2017

Natco Economicals announced the resignation of Meghna Jyotishkumar Raval as Company Secretary & Compliance Officer of the Company with effect from 12 April 2017.

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Pincon Spirit provides business update
Apr 10,2017

Pincon Spirit announced that the announcement by the Chief Minister of Madhya Pradesh on shutting down the liquor shops in the State within 5 kms of Narmada river will not affect the business of Pincon Spirit in any manner as the Company does not have any liquor business establishment in the State of Madhya Pradesh.

Further, the Company announced that 27.5% business of the Company is from FMCG (Edible Oil segment) products.

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Indiabulls Ventures allots 33,650,000 equity shares
Apr 10,2017

Indiabulls Ventures has issued and allotted an aggregate of 33,650,000 fully paid up equity shares of face value of Rs. 2/- each, to promoter group entities (29,650,000 equity shares) and to CEO & Whole-time Director (4,000,000 equity shares), of the Company, upon exercise/conversion of equivalent number of warrants, which were allotted to them pursuant to and in terms of shareholders approval dated 15 July 2016. Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 707,713,840 divided into 353,856,920 equity shares of face value of Rs. 2/- each.

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Development of Coastal Areas as Beach Corridor
Apr 10,2017

For Integrated Development of Theme-Based Tourist Circuits in the country, the Ministry of Tourism has launched Swadesh Darshan Scheme in 2014-15. Under the scheme, thirteen thematic circuits have been identified for development including Coastal Circuit.

 The State/UT-wise details of the projects sanctioned under the Coastal circuit theme of Swadesh Darshan Scheme including Andhra Pradesh is as under:

 (Rs. in crore)

Sl. No.State/UTName of the Project/Year of SanctionAmount Sanctioned1.

Andhra Pradesh

Development of Coastal Circuit: Kakinada Beach Front- Hope Island- Coringa Wildlife Sanctuary- Vodalarevu- Adurru- Syanam- Chirra Yanam- Kotipally (2014-15)

69.83

2.

Andhra Pradesh

Development of Coastal Circuit: Pulicat Lake- Ubbalamadugu Water Falls- Nelapattu Bird Sanctuary- Nellore Tank/Lake- Kotha Koduru Beach- Mypadu Beach- Ramatheertham Temple & Beach- Iskapally Beach-  in Sri Potti Sriramalu Nellore under Swadesh Darshan Scheme in Andhra Pradesh. (2015-16)

60.38

3.

Puducherry

Development of Union Territory of Puducherry as Tourist Circuit under Swadesh Darshan Scheme. (2015-16)

85.28

4.

West Bengal

Development of Beach Circuit - Udaipur - Digha - Shankarpur - Tajpur - Mandarmani - Fraserganj - Bakkhlai -Henry Island in West Bengal. (2015-16)

85.39

5.

Maharashtra

Development of Sindhudurg Coastal Circuit in Maharashtra under Swadesh Darshan Scheme. (2015-16) 

82.17

6.

Goa

Development of Coastal Circuit (Sinquerim-Baga, Anjuna-Vagator, Morjim-Keri, Aguada Fort and Aguada Jail) in Goa. (2016-17)

99.99

7.

Karnataka

Development of Coastal Circuit in Dakshin Kannada Dist, Uttar Kannada Dist & Udupi Dist in Karnataka.
(2016-17)

95.67

8.

Odisha

Development of Gopalpur, Barkul, Satapada and Tampara as Coastal circuit in Odisha. (2016-17)

76.49

9.

Andaman & Nicobar

Islands

Development of Coastal Circuit (Long Island-Ross Smith Island- Neil Island- Havelock Island- Baratang Island-Port Blair ) in Andaman & Nicobar under Coastal thematic circuit of Swadesh Darshan Scheme. (2016-17)

42.19

10.

Tamil Nadu

Development of Coastal Circuit (Chennai- Mamamallapuram - Rameshwaram - Manpadu - Kanyakumari) in Tamil Nadu under Swadesh Darshan Scheme.

(2016-17)

99.92

The work under the above projects is going on.

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Thirani Projects announces change in directorate
Apr 10,2017

Thirani Projects announced that Kavindar Ranka & Nikita Sharma, Independent Directors resigned with effect from 10 April 2017. The Company has appointed Arun Chakraborty & Rathindra Nath Ghosh as Independent Directors w.e.f. 11 April 2017.

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International Paper APPM provides operations update
Apr 10,2017

International Paper APPM has announced that there would be annual outage (maintenance) from 12 April to 21 April 2017 in the manufacturing facility located in Kadiyam, East Godavari District, Andhra Pradesh.

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Comprehensive Sustainable Tourism Criteria for India (STCI)
Apr 10,2017

The Comprehensive Sustainable Tourism Criteria for India (STCI) for Accommodation, Tour Operators and Beaches, Backwaters, Lakes & Rivers sectors were launched in August 2014 and has been accepted by the stakeholders. No issues/problem in this regard have surfaced.

Further, the Ministry has guidelines for approval of Hotel Projects at the implementation stage and also guidelines for classification/re-classification of operational hotels under various categories. As per these guidelines, hotels at the project stage itself are required to incorporate various eco-friendly measures like Sewage Treatment Plant (STP), Rain Water Harvesting System, waste management system, pollution control, introduction of non-Chlorofluorocarbon (CFC) equipment for refrigeration and air conditioning, measures for energy and water conservation etc. Under the guidelines for project level & classification/re-classification of operational hotels, it has been prescribed that the architecture of the hotel buildings in hilly and ecologically fragile areas should be sustainable and energy efficient and as far as possible be in conformity with the local ethos and make use of local designs and material.

The tour operators approved by Ministry of Tourism have to sign a pledge for commitment towards Safe & Honourable Tourism and Sustainable Tourism to fully implement Sustainable Tourism practices, consistent with the best environment and heritage protection standards, such that the present tourism resource requirements optimize both local community benefit and future sustainable uses.

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