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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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Indiabulls Ventures allots 5,19,900 equity shares
May 15,2017

Indiabulls Ventures has allotted 5,19,900 equity shares of face value Rs. 2/- each, to eligible employees upon exercise of options vested in their favour under -Indiabulls Ventures Limited Employees Stock Option Scheme - 2008 and Indiabulls Ventures Limited Employees Stock Option Scheme - 2009. Consequent to the said allotment, the paid-up Equity share capital of the Company stands increased to Rs. 78,64,84,804/- divided into 39,32,42,402 Equity shares of face value Rs. 2/- each.

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Royal Orchid Hotels launches its third hotel Regenta Central Herald
May 15,2017

Royal Orchid Hotels announced the launch of its third hotel in Mysore with Regenta Central Herald. With this launch, the Royal Orchid chain of hotels stands at 43 hotels in 28 cities in India.

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Board of Vindhya Telelinks approves expansion of copper cable facility at Rewa
May 15,2017

Vindhya Telelinks announced that the Board of Directors of the Company has, interalia, approved a proposal for substantial expansion-cum-diversification of the Companys existing Copper Cable facility at Rewa, to be executed in stages, for manufacturing of Electron Beam Irradiated Cross-linked Cables including installation of Electron Beam Accelerator(s) of appropriate rated capacity, with an estimated capital outlay of Rs.32.75 crore, to be funded by a mix of internal accruals and debt.

The Company is presently engaged in the manufacturing of a wide variety of Cables and it has been decided to expand its products portfolio by diversification into the high end market of specialized electrical cables and electron beam irradiated cross-linked cables. The market for such cables is rapidly expanding due to the exacting technical requirements of new applications and the gradual transition from the conventional cables to the new genre of Electron Beam Irradiated Cables particularly in the market segment of Solar Energy (DC Solar Cables), Railways, Ship Building, etc. The substantial expansion-cum-diversification project is likely to be operational in two stages by December, 2017.

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AkzoNoble and Atul form joint venture ANAVEN
May 15,2017

AkzoNoble and Atul have formally agreed the joint venture partnership announced last year for the production of monochloroacetic acid (MCA) in India.

The companies will establish a new plant at Atuls facility in Gujarat by first quarter of 2019, which each partner holding a 50% stake in the joint venture, to be registered as ANAVEN.

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Board of Veer Energy & Infrastructure accepts resignation of director
May 15,2017

Veer Energy & Infrastructure has accepted resignation of Nisha Shah from the post of Independent Director at board meeting held on 15 May 2017.

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Gujarat Raffia Industries appoints director
May 15,2017

Gujarat Raffia Industries has appointed Karan Singh Chandalia as Additional Independent Director of the Company in board meeting held on 15 May 2017.

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Board of Arfin India approves scheme of amalgamation
May 15,2017

The Board of Directors of Arfin India at its meeting held on 15 May 2017 have approved the amalgamation of Mahendra Aluminium Company with Arfin India.

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Kanco Enterprises appoints company secretary
May 15,2017

Kanco Enterprises has appointed Sohoni Shukla as Company Secretary and Compliance Officer with immediate effect.

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Skipper wins The Largest Tower Supplier award from PGCIL
May 15,2017

Skipper has been awarded with the following two awards -
(a)The Largest Tower Supplier by Power Grid Corporation of India consecutively for the second time.
(b)The Best Polymer Brand by Construction Times.

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Skipper secured new orders worth Rs 500.21 crore
May 15,2017

Skipper has secured fresh new orders worth approx Rs.376.48 crores from national & Rs. 123.73 crores from international markets for supply of Power Transmission Towers & Telecom Poles.

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Premier Explosives opens QIP issue
May 15,2017

Premier Explosives announced that the Securities Allotment Committee of the Company on 15 May 2017 has, inter alia passed the following resolutions:

a.Authorizing the opening of the QIP on 15 May 2017;
b.Approving and adopted the Preliminary Placement Document dated 15 2017 in connection with the QIP; and
c.Approval and taken into record the floor price for the QIP, based on the pricing formula as prescribed under Regulation 85(1) of the ICDR Regulations being; Rs 414.97 per Equity Share .
d.Pursuant to Regulation 85 of the ICDR Regulations, and further to the shareholders resolution dated 12 May 2017, the Company may offer a discount of not more than 5% on the floor price so calculated for the QIP Further, the Relevant Date for this purpose, is 15 May 2017.

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Board of VCCL does not recommend dividend
May 15,2017

VCCL announced that the Board of Directors at its meeting held on 15 May 2017 has not recommended dividend for the year.

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Vedanta reports consolidated net profit of Rs 2988.04 crore in the March 2017 quarter
May 15,2017

Net profit of Vedanta reported to Rs 2988.04 crore in the quarter ended March 2017 as against net loss of Rs 21103.66 crore during the previous quarter ended March 2016. Sales rose 41.48% to Rs 22511.27 crore in the quarter ended March 2017 as against Rs 15911.26 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 9870.59 crore in the year ended March 2017 as against net loss of Rs 17862.39 crore during the previous year ended March 2016. Sales rose 12.39% to Rs 72225.03 crore in the year ended March 2017 as against Rs 64261.76 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales22511.2715911.26 41 72225.0364261.76 12 OPM %32.6522.10 -29.5423.58 - PBDT6767.373262.01 107 20057.4713816.99 45 PBT5163.681179.91 338 13765.975244.55 162 NP2988.04-21103.66 LP 9870.59-17862.39 LP

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Voltamp Transformers standalone net profit rises 17.91% in the March 2017 quarter
May 15,2017

Net profit of Voltamp Transformers rose 17.91% to Rs 22.65 crore in the quarter ended March 2017 as against Rs 19.21 crore during the previous quarter ended March 2016. Sales rose 11.90% to Rs 228.17 crore in the quarter ended March 2017 as against Rs 203.90 crore during the previous quarter ended March 2016.

For the full year,net profit rose 54.55% to Rs 67.97 crore in the year ended March 2017 as against Rs 43.98 crore during the previous year ended March 2016. Sales rose 8.18% to Rs 609.38 crore in the year ended March 2017 as against Rs 563.30 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales228.17203.90 12 609.38563.30 8 OPM %11.618.97 -9.066.64 - PBDT36.1128.54 27 96.8165.27 48 PBT34.5526.94 28 90.9959.29 53 NP22.6519.21 18 67.9743.98 55

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Hindusthan National Glass & Industries reports standalone net loss of Rs 80.14 crore in the March 2017 quarter
May 15,2017

Net loss of Hindusthan National Glass & Industries reported to Rs 80.14 crore in the quarter ended March 2017 as against net profit of Rs 20.39 crore during the previous quarter ended March 2016. Sales declined 15.34% to Rs 488.37 crore in the quarter ended March 2017 as against Rs 576.85 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 127.13 crore in the year ended March 2017 as against net loss of Rs 182.33 crore during the previous year ended March 2016. Sales declined 5.97% to Rs 1860.60 crore in the year ended March 2017 as against Rs 1978.68 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales488.37576.85 -15 1860.601978.68 -6 OPM %5.4817.07 -9.9013.43 - PBDT-37.6535.25 PL -46.8516.98 PL PBT-80.0420.39 PL -221.72-182.33 -22 NP-80.1420.39 PL -127.13-182.33 30

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