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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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Uttam Sugar Mills to hold AGM
Aug 19,2016

Uttam Sugar Mills announced that the Annual General Meeting (AGM) of the company will be held on 16 September 2016.

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Shikhar Leasing & Trading to hold AGM
Aug 19,2016

Shikhar Leasing & Trading announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Ventura Guaranty to hold AGM
Aug 19,2016

Ventura Guaranty announced that the Annual General Meeting (AGM) of the company will be held on 29 September 2016.

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Ravindra Energy to hold AGM
Aug 19,2016

Ravindra Energy announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Rainbow Denim to hold AGM
Aug 19,2016

Rainbow Denim announced that the Annual General Meeting (AGM) of the company will be held on 23 September 2016.

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Rodium Realty to hold AGM
Aug 19,2016

Rodium Realty announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2016.

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Wagend Infra Venture to hold AGM
Aug 19,2016

Wagend Infra Venture announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Wellness Noni to hold AGM
Aug 19,2016

Wellness Noni announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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UV Boards to hold AGM
Aug 19,2016

UV Boards announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Universal Office Automation to hold AGM
Aug 19,2016

Universal Office Automation announced that the Annual General Meeting (AGM) of the company will be held on 14 September 2016.

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Shah Construction Company to hold AGM
Aug 19,2016

Shah Construction Company announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Vishakhapatnam Port poised for major expansion
Aug 19,2016

Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Shri Nitin Gadkari inaugurating several projects during his visit to the port yesterday. The Minister inaugurated a Container Freight Station of 1 lakh TEU capacity developed by M/s. VCTPL at a cost of Rs.104 crores for which an extent of Ac 34 acres is allotted by the Port. He also inaugurated the commissioning of 6.25MW out of 10MW solar power plant. The power generated from this plant is meeting the captive consumption of the port and the excess power is proposed to be sold by third party agreements.

In addition to this the Minister inaugurated a Liquid cargo berth - EQ-10 developed by M/s. AVR Infra, on Private Sector Participation at a cost of Rs.55.38 crores with a capacity of 1.84 million tonnes per annum and a Multi cargo berth - WQ-6 developed by M/s.ABG Infra Logistics on Private Sector Participation at a cost of Rs.114.5 crores with a capacity of 2.08 million tonnes per annum

Shri Gadkari also laid the foundation stone for the project n++Reconstruction of old EQ-2,3,4&5 berths into two new berths of 530 meters quay in the inner harborn++ taken up with ports internal resources at a cost of Rs.182 crores and capacity of 6 million tonnes. He also reviewed the progress of two berths WQ-7&8under construction taken up by port with internal resources at a cost of Rs. 243 crores and capacity of 6.39 million tonnes.

The union Minister reviewed the performance of the port and the progress of developmental projects. He also reviewed the dredging projects executed by the port at a cost of Rs.400 crores which were taken up to enhance the draft of inner harbor to 14.5mts to enable Panamax vessels berthing and outer harbor to 18.1 draft to enable berthing of Super Cape vessels berthing.

Later, the Honble Minister held discussions with the stakeholders of the port. He suggested to the Govt., of Andhra Pradesh to install sewage treatment plant for treating the city sewage before letting into the port limits to avoid water pollution. The Honble Minister informed that the pollution levels have been considerably reduced consequent to various mechanization projects. The particulate matter (PM10) in the air is brought down from the level of 300 microgram in 2011 to less than 100 microgram in 2016. Honble Minister also directed the Port to engage a good consultant to do a comprehensive study and suggest measures to reduce the pollution level further.

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Ujjivan Financial Services applies to RBI for grant of banking licence
Aug 19,2016

Ujjivan Financial Services has submitted an application to the Reserve Bank of India on 18 August 2016 for grant of banking licence in terms of Section 22 of the Banking Regulation Act, 1949 to Ujjivan Small Finance Bank, which is the wholly owned subsidiary of the Company. The said application has been made in pursuance of the in-principle approval dated 07 October 2015, granted to the Company by the Reserve Bank of India, permitting the Company to establish a small finance bank in the private sector.

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Hatsun Agro Product forms a sports trust
Aug 19,2016

Hatsun Agro Product announced that the Board of Directors based on the recommendation and approval from the Audit Committee has on 19 August 2016 decided to form a Trust in the name and style of HAP Sports Trust with its objective of promoting sports and also for carrying out CSR related activities of the Company. The Company shall be the Author of the Trust.

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CCL International announces cessation of associate company
Aug 19,2016

CCL International announced that Sybly Industries, an associate company has ceased to be an associate company of CCL International. The Company currently holds 15.504% stake in Sybly Industries.

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