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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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Shipping Corporation of India incorporates a subsidiary
Sep 29,2016

Shipping Corporation of India announced that the Wholly Owned Subsidiary of SCI viz. INLAND & COASTAL SHIPPING has been incorporated on 29 September 2016.

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NHPC signs PPA for a 50 MW project
Sep 29,2016

NHPC announced that a wind power purchase agreement (PPA) has been signed amongst Rajasthan Government, NHPC and Inox on 28 September 2016 for 50 MW wind power project in Jaisalmer, Rajasthan. As per the PPA, Rajasthan Government will purchase the power generated from the project.

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Rashtriya Chemicals & Fertilizers issue Commercial Paper aggregating Rs 200 crore
Sep 29,2016

Rashtriya Chemicals & Fertilizers announced that in terms of the guidelines issued by the Reserve Bank of India, the Company has issued Commercial Paper for Rs.200 crore on 29 September 2016, in favour of HDFC Bank, having maturity date as 01 October 2016.

Further inform that the Commercial Paper issued on 29 July 2016, for Rs. 150 crore, has been redeemed 29 September 2016.

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Outcome of board meeting of Melstar Information Technologies
Sep 29,2016

Melstar Information Technologies announced that the Board of Directors of the Company at its meeting held on 29 September 2016 approved the following -

Divestment and sale of 4.86 lakh equity shares of Rs 10 each held in IDV Technology Solutions. With this sale, the Companys holding stands reduced to 1.14 lakh equity shares of Rs 10 each representing 19% stake holding. Consequently, the said company ceased to be subsidiary of the Company.

The Board also approved the sale of office premises situated at 335, Connection Point A - Block Mezzanine Floor, HAL Airport Exit road, Bangalore.

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EESL assures of high quality LED Street Lights conforming to BIS standards
Sep 29,2016

Energy Efficiency Services Limited (EESL) strongly refutes all claims of having installed faulty LED street lights in their project in the South Delhi Municipal Corporation (SDMC) area.

Under the Government of Indias Street Lighting National Programme (SLNP) over 1.98 lakh conventional street lights have been replaced with LED street lights in Delhi. A social audit of about 4,500 people was conducted by Price Waterhouse Coopers (PwC) in SDMC area in May 2016. The audit shows that at an average 99.5% people feel that the LED street lights have contributed in enhancing the security of the vulnerable groups during nights. About 99.75% of the people responded that the intensity & the brightness of the LED street lights is better than the earlier street lights.

EESL procurements conform to BIS specification & carry a 7-year warranty against technical defects. EESL conducts appropriate quality checks right from the bidding stage to the field level. This has resulted in the LEDs overall technical fault being less than 2% in the 14 lakh lights installed by EESL in the country. As per the contract, EESL is required to maintain an uptime of 95%, which in the present case is more than 97%. This is one of the highest in the country.

EESL is also taking proactive measures for grievance redressal, such as use of social media platforms, BSES toll free helpline, email complaint system and use of mobile vans for night patrolling. EESL is installing Centralized Control and Monitoring System (CCMS) at a fast pace to enable remote operation and monitoring of the street lights across the Nation.

For complaints against non-functioning LED street lamps the consumers can send a message via WhatsApp on 7827999222 or they can send their complaints to info@eesl.co.in. Alternatively, complaints are also being recorded on the EESL social media handles. Strict action against erring vendors is being taken by EESL.

All complaints are redressed in a period of 48-72 hours and for that EESL has deployed its own staff as well as other Project Management Companies. EESL has received just 14,850 complaints in the last two months out of 1.98 lakh streets that have been installed. EESL has already resolved over 12,406 complaints in entire SDMC area.

To address all grievances, EESL has doubled its on-field teams which are deployed for maintenance. There are regular weekly meetings and reviews with SDMC to rectify the problems faced on field which are not covered in the MoU signed by the tri-parties.

EESL has guaranteed reduction in energy consumption by 53%. This project will result in annual reduction of 26.2 million kWh of energy during peak hours. SDMC will benefit by Rs. 41.47 crore over the said period without having to invest any capital upfront.

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Rupee hardly hit
Sep 29,2016

Rupee was hardly hit after a Government release stated it had on Wednesday late evening launched strike against the militants in the Pakistan occupied Kashmir.

Rupee closed lower at 66.8350/8650 per dollar against its previous close of 66.4650/4750 per dollar.

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Unno Industries to hold AGM
Sep 29,2016

Unno Industries announced that the 24th Annual General Meeting(AGM) of the company on 30 September 2016.

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Ghushine Fintrade Ocean to hold AGM
Sep 29,2016

Ghushine Fintrade Ocean announced that the th Annual General Meeting(AGM) of the company on 29 September 2016.

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Magnanimous Trade & Finance to hold AGM
Sep 29,2016

Magnanimous Trade & Finance announced that the 31th Annual General Meeting(AGM) of the company on 27 September 2016.

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Sowbhagya Media to hold AGM
Sep 29,2016

Sowbhagya Media announced that the 21th Annual General Meeting(AGM) of the company on 30 September 2016.

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Saumya Capital to hold AGM
Sep 29,2016

Saumya Capital announced that the th Annual General Meeting(AGM) of the company on 30 September 2016.

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Macro Intl. to hold AGM
Sep 29,2016

Macro Intl. announced that the 23th Annual General Meeting(AGM) of the company on 28 September 2016.

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Sintex Industries to hold board meeting
Sep 29,2016

Sintex Industries will hold a meeting of the Board of Directors of the Company on 29 September 2016.

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Abbott India to hold board meeting
Sep 29,2016

Abbott India will hold a meeting of the Board of Directors of the Company on 29 September 2016.

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Pochiraju Industries to hold AGM
Sep 29,2016

Pochiraju Industries announced that the 21th Annual General Meeting(AGM) of the company on 29 September 2016.

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