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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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Boost to Metro Rail Connectivity Cabinet approves Noida - Greater Noida Metro Rail Project
May 25,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Noida - Greater Noida Metro Rail Project covering a length of 29.707 k.m. Total completion cost of the project is Rs.5,503 crore.

Metro rail connection between NOIDA and Greater NOIDA will result into people being assured about their mobility and thus more people will like to move to these satellite towns of Delhi, thus decongesting Delhi. As a result, more residential and commercial complexes will develop in this region. With metro rail in place, there will be less vehicular traffic on roads leading to less congestion, less time and cost of journey, less consumption of fossil fuel and less environmental pollution. People of Noida-Greater Noida, which has a population of approx. 7.50 Lakhs and people of surrounding areas will be benefitted with this metro link.

Project will be implemented by Noida Metro Rail Corporation Limited, which will be a 50:50 jointly owned company of Govt. of India and Govt. of Uttar Pradesh. The existing Noida Metro Rail Corporation Limited (NMRCL) which is a State owned Special Purpose Vehicle (SPV) will be converted into a joint SPV of Government of India (Gol) and Government of Uttar Pradesh (GoUP), for implementation of the project.

The project would generate significant direct and indirect employment of skilled, semi-skilled and unskilled workforce. Substantial indirect employment will also be generated during construction and operation phases.

The project is scheduled to be completed by April, 2018 as per the Detailed Project Report (DPR). About 70% progress of civil work and 40% of overall financial progress of the project have been achieved.

Project will be covered under the legal framework of Central Metro Acts, Metro Railways (Construction of Works) Act, 1978 and the Metro Railways (Operation and Maintenance) Act, 2002, as amended from time to time.

Background:

The Noida city, located in Gautam Buddha Nagar District of Uttar Pradesh State, was created under the Uttar Pradesh Industrial Area Development Act. It possesses all modern amenities and is considered to be one of the most modern suburbs of Delhi in the National Capital Region (NCR). The population of Noida and Greater Noida as per 2011 Census of India is about 7,50,000 and is projected to grow to 19,00,000 by the year 2021. People from Delhi and surrounding area are preferring NOIDA for settlement. Noida has a potential of about 10,000 industrial units and presently about 7,500 are developed and functional. Noida provides employment to over 2,00,000 in the region with these industrial units. Noida mainly has road linkages with Delhi and the adjoining areas of Uttar Pradesh and Haryana State. Noida does not have a railway station and the nearest railway station is Hazarat Nizamuddin, which is at a distance of about 15 km. The nearest airport Delhi is at about 30 km from Noida.

Greater Noida, also envisaged as a satellite town to control the migration to Delhi, is planned to have a population of 12,00,000 and employment potential of 4,50,000 by 2021. While settlements have started coming up in Greater Noida, it is still in the developing stage and needs greater connectivity with Noida and Delhi. Considering the relatively lower costs of housing at Greater Noida, people prefer staying in Greater Noida and commute to Noida / Delhi for employment. Greater Noida also mainly depends on road linkages for intra city traffic and connection with Noida and Delhi. Greater Noida does not have a railway station and the nearest railway station is Boraki, which is at 3 km from the proposed terminal metro station at Greater Noida. The nearest airport is Delhi at about 45 km from Greater Noida. The population is expected to grow exponentially in Noida -Greater Noida region in the coming years.

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TVS Srichakra to pay dividend
May 24,2017

TVS Srichakra announced that dividend will be paid on or before 30 September 2017.

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Board of Garware-Wall Ropes approves change in directorate
May 24,2017

Garware-Wall Ropes announced that the Board of Directors of the Company at its meeting held on 24 May 2017 has appointed Dr. S S Rajpathak as Director of the Company in casual vacancy caused due to resignation of M V Subbarao as Director of the company.

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Cybermate Infotek to allot 1.14 crore equity share warrants
May 24,2017

Cybermate Infotek announced that the Committee of Directors of the Company at their meeting held on 24 May 2017 at the Registered & Corporate Office of the Company, have inter alia approved allotment of 1,14,00,000 Equity Share Warrants convertible into equal no of Equity Shares at an issue price of Rs. 4.40 per warrant (includes premium of Rs.2.40 per warrant).

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Talbros Automotive Components to pay dividend
May 24,2017

Talbros Automotive Components announced that dividend, if approved will be paid on or before 25 October 2017.

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Outcome of board meeting of Vitan Agro Industries
May 24,2017

The Board of Directors of Vitan Agro Industries at its meeting held on 24 May 2017 approved the following items -

1.It was discussed and decided by the Board to not proceed with Consolidation in the Face Value of Shares from Rs. 1/- to Rs. 10/- for the time being.

2.With the permission of the Chairman, the item w.r.t. shifting of Registered Office from the State of Tamil Nadu to the State of Maharashtra was discussed and the Board concluded that the Registered Office shall be shifted from the State of Tamil Nadu to the State of Maharashtra subject to shareholders approval (viz Postal Ballot) and requisite approval of Registrar of Companies & Regional Director, Southern Region, Ministry of Corporate Affairs.

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NHPC plans to raise Rs 1756 crore
May 24,2017

NHPC plans to raise 1756 crore through issuance of W series corporate bonds on private placement basis. The Board of Directors of the Company will consider the proposal on 30 May 2017.

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Emkay Global Financial Services allots 15,000 equity shares
May 24,2017

Emkay Global Financial Services has allotted 15,000 equity shares under ESOP. Consequently, the paid up equity share capital has increased from 2,44,38,150 equity shares to 2,44,53,150 equity shares of Rs 10 each.

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Jubilant Industries appoints CFO
May 24,2017

Jubilant Industries announced that the Board of Directors has appointed Umesh Sharma as Chief Financial Officer of the Company with immediate effect.

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Board of PTC Industries approves increase in borrowing power
May 24,2017

The Board of Directors of PTC Industries at its meeting held on 24 May 2017 has transacted the following -

Shifting of registered office of the Company to AMTC plant site within local city limits.

Increase in borrowing power from Rs 150 crore to Rs 250 crore and creation of charge for securing borrowings up to Rs 250 crore.

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Mahindra & Mahindra plans to raise funds up to Rs 5000 crore
May 24,2017

Mahindra & Mahindra plans to raise funds by way of issuance of Securities including but not limited to secured/unsecured redeemable Non-convertible Debentures and/or Commercial Papers under Private Placement basis for an aggregate amount not exceeding Rs.5,000 crore. The Board of Directors of the Company will consider the proposal on 30 May 2017.

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Board of Media Matrix Worldwide approves change in directorate
May 24,2017

The Board of Directors of Media Matrix Worldwide at its meeting held on 24 May 2017 have taken note of the resignation of Bharat Bhushan Chugh from the office of Whole-time Director designated as Director (Finance) due to his pre-occupations w.e.f. 25 May 2017. However, he will continue as Non-Executive Director of the Company. The Board also appointed Sandeep Jairath as an Additional Director designated as Whole-time Director, a KMP w.e.f. 25 May 2017.

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Hil fixes record date for final dividend
May 24,2017

Hil announced that final dividend on Equity Shares, if declared at the meeting, will be credited / dispatched by Saturday 22 July 2017 to those members whose names shall appear on the Companys Register of Members and in respect of the shares held in dematerialized form, the dividend will be paid to members whose names are furnished by National Securities Depository Limited and Central Depository Services (India) Limited as beneficial owners as on the close of business hours on Tuesday 11 July 2017.

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Asahi India Glass to pay dividend
May 24,2017

Asahi India Glass announced that dividend, if declared, shall be paid on or after 16 August 2017.

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Sukhjit Starch & Chemicals to pay dividend
May 24,2017

Sukhjit Starch & Chemicals announced that dividend, if by the shareholders at the AGM, will be paid on and from 01 August 2017.

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