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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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Board of Steel Strips Wheels allots equity shares under ESOS
Aug 26,2016

Steel Strips Wheels announced that the Board of Directors of the Company at its meeting held on 26 August 2016, approved the allotment of 11450 equity shares of Rs 10 each under ESOS 2014. With the said allotment, the paid up capital of the Company increased to 15533520 equity shares of Rs 10 each.

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Storage Status of 91 Major Reservoirs of the Country is 65% of total storage capacity as on August 24, 2016
Aug 26,2016

The water storage available in 91 major reservoirs of the country for the week ending on August 24, 2016 was 102.147 BCM, which is 65% of total storage capacity of these reservoirs. This was 112% of the storage of corresponding period of last year and 102% of storage of average of last ten years.

The total storage capacity of these 91 reservoirs is 157.799 BCM which is about 62% of the total storage capacity of 253.388 BCM which is estimated to have been created in the country. 37 Reservoirs out of these 91 have hydropower benefit with installed capacity of more than 60 MW.

REGION WISE STORAGE STATUS:-

NORTHERN REGION

The northern region includes States of Himachal Pradesh, Punjab and Rajasthan. There are 6 reservoirs under Central Water Commission (CWC) monitoring having total live storage capacity of 18.01 BCM. The total live storage available in these reservoirs is 12.97 BCM which is 72% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 91% and average storage of last ten years during corresponding period was 75% of live storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and is also less than the average storage of last ten years during the corresponding period.

EASTERN REGION

The Eastern region includes States of Jharkhand, Odisha, West Bengal and Tripura. There are 15 reservoirs under CWC monitoring having total live storage capacity of 18.83 BCM. The total live storage available in these reservoirs is 11.80 BCM which is 63% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 53% and average storage of last ten years during corresponding period was 55% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year and is also better than the average storage of last ten years during the corresponding period.

WESTERN REGION

The Western region includes States of Gujarat and Maharashtra. There are 27 reservoirs under CWC monitoring having total live storage capacity of 27.07 BCM. The total live storage available in these reservoirs is 19.73 BCM which is 73% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 56% and average storage of last ten years during corresponding period was 66% of live storage capacity of these reservoirs. Thus, storage during current year is better than the storage of last year and is also better than the average storage of last ten years during the corresponding period.

CENTRAL REGION

The Central region includes States of Uttar Pradesh, Uttarakhand, Madhya Pradesh and Chhattisgarh. There are 12 reservoirs under CWC monitoring having total live storage capacity of 42.30 BCM. The total live storage available in these reservoirs is 34.94 BCM which is 83% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 75% and average storage of last ten years during corresponding period was 60% of live storage capacity of these reservoirs. Thus, storage during current year is better than the storage of last year and is also better than the average storage of last ten years during the corresponding period.

SOUTHERN REGION

The Southern region includes States of Andhra Pradesh, Telangana, AP&TG (Two combined projects in both states) Karnataka, Kerala and Tamil Nadu. There are 31 reservoirs under CWC monitoring having total live storage capacity of 51.59 BCM. The total live storage available in these reservoirs is 22.70 BCM which is 44% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 35% and average storage of last ten years during corresponding period was 65% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year but is less than the average storage of last ten years during the corresponding period.

States having better storage than last year for corresponding period are Rajasthan, Jharkhand, Odisha, West Bengal, Gujarat, Maharashtra, Uttar Pradesh, Madhya Pradesh, AP&TG (Two combined projects in both states), Telangana and Karnataka. States having lesser storage than last year for corresponding period are Himachal Pradesh, Punjab, Tripura, Uttarakhand, Chhattisgarh, Andhra Pradesh, Kerala and Tamil Nadu.

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State Bank of India announces cessation of director
Aug 26,2016

State Bank of India announced that Tribhuwan Nath Chaturvedi, a Director nominated under Section 19(d) of the SBI Act, 1955, will cease to be a Director on the Banks Central Board, consequent upon completion of his term as at the close of business on 28 August 2016.

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IndusInd Bank opens its first branch in Pathankot District
Aug 26,2016

IndusInd Bank inaugurated a new branch in Pathankot district of Punjab.

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Bharat Financial Inclusion issues Commercial Paper aggregating Rs 25 crore
Aug 26,2016

Bharat Financial Inclusion announced that the Company issued Commercial Papers of an aggregate amount of Rs. 25 crore on 26 August 2016, which have been rated A1 + by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk.

The aggregate amount of Commercial Paper outstanding as on date is Rs. 300 crore.

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Punjab Alkalies & Chemicals announces resignation of director
Aug 26,2016

Punjab Alkalies & Chemicals announced about the following changes in the Companys Directorate:

- Cessation of Gurneet Tej as Director of the Company consequent upon her resignation from the Directorship of the Company with immediate effect i.e. with effect from 12 August 2016.

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Quantum Build-Tech to hold AGM
Aug 26,2016

Quantum Build-Tech announced that the th Annual General Meeting(AGM) of the company on 27 September 2016.

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Ganga Papers India to hold AGM
Aug 26,2016

Ganga Papers India announced that the th Annual General Meeting(AGM) of the company on 30 September 2016.

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Ashiana Ispat to hold AGM
Aug 26,2016

Ashiana Ispat announced that the th Annual General Meeting(AGM) of the company on 28 September 2016.

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B A G Films & Media to hold AGM
Aug 26,2016

B A G Films & Media announced that the th Annual General Meeting(AGM) of the company on 28 September 2016.

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Sharma East India Hosp & Medical Res. to hold AGM
Aug 26,2016

Sharma East India Hosp & Medical Res. announced that the th Annual General Meeting(AGM) of the company on 24 September 2016.

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Kothari Products to hold AGM
Aug 26,2016

Kothari Products announced that the 32th Annual General Meeting(AGM) of the company on 23 September 2016.

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Panama Petrochem to hold AGM
Aug 26,2016

Panama Petrochem announced that the 34th Annual General Meeting(AGM) of the company on 26 September 2016.

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Nagarjuna Agrichem to hold AGM
Aug 26,2016

Nagarjuna Agrichem announced that the th Annual General Meeting(AGM) of the company on 19 September 2016.

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First Financial Services to hold AGM
Aug 26,2016

First Financial Services announced that the th Annual General Meeting(AGM) of the company on 30 September 2016.

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