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Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Sep 14,2016

Net profit of Jindal Drilling & Industries declined 3.66% to Rs 9.48 crore in the quarter ended June 2016 as against Rs 9.84 crore during the previous quarter ended June 2015. Sales rose 11.24% to Rs 92.66 crore in the quarter ended June 2016 as against Rs 83.30 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales92.6683.3011
OPM %9.8912.74-
PBDT14.5518.68-22
PBT12.0915.01-19
NP9.489.84-4

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Infra Industries announces resignation of company secretary
Jun 20,2017

Infra Industries announced the resignation of Pooja K. Gandhi from the post of Company Secretary and Compliance officer of the Company with effect from 20 June 2017.

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Board of Mangal Credit & Fincorp approves change in directorate
Jun 20,2017

Mangal Credit & Fincorp announced that the Board of Directors of the Company at its meeting held on 20 June 2017 has approved the appointment of Gurumurthy Ramchandran as Additional Director and resignation of Sunil Ramchandran Nair, Neeta Maloo and Nirupama Duttatray.

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Max India allots 1,93,84,854 convertible warrants
Jun 20,2017

Max India has allotted 1,93,84,854 convertible warrants to Mohair Investment and Trading Company (Promoter Group Company) on receipt of Rs. 75 crore, being the 25%of the warrant subscription amount (Upfront Warrant Subscription Amount) in terms of Regulation 77 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

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Board of ICICI Bank approves fund raising via issue of long term bonds
Jun 20,2017

ICICI Bank announced that the Committee of Executive Directors of the Bank at its meeting held on 20 June 2017 has approved the proposal for fund raising by way of issuance of senior unsecured long term bonds in the nature of debentures in single/multiple tranches on private placement basis.

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Indag Rubber appoints director
Jun 20,2017

Indag Rubber has appointed Harjiv Singh as an Independent Director of the Company to hold office till 31 March 2019.

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Board of A2Z Infra Engineering decides to transfer stake in subsidiary
Jun 20,2017

A2Z Infra Engineering announced that the Board has decided to transfer its stake in Star Transformers (a Subsidiary Company of A2Z Infra Engineering) along with its management Control in the Company.

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SEAMEC enters into charter hire contract for vessel SEAMEC III
Jun 20,2017

SEAMEC announced that upon completion of contract with Kreuz Subsea Technologies, the Company has entered into a contract for charter hire of vessel SEAMEC III with L&T Hydrocarbon Engineering for undertaking a job in Mumbai High.

The tenure of the contract is for a period of 7 days with option for extension. The contract will commence from around 22 June 2017.

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Board of Captain Polyplast decided to start a new manufacturing plant in Andhra Pradesh
Jun 20,2017

Captain Polyplast announced that the Board of Directors of the Company at its meeting held on 19 June 2017 have decided to start new manufacturing plant at Kurnool District in Andhra Pradesh with a view to expand business opportunity from nearby southern states.

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NHPC awards EPC contract for 50 MW Solar Power project in Tamil Nadu
Jun 20,2017

NHPC has awarded an EPC contract for the development of 50 MW Solar Power PV Grid connected project (including evacuation arrangements) located at Theni and Dindigul districts in Tamil Nadu to Larsen & Toubro, L&T Construction, Manapakkam, Chennai for an amount of Rs 287.48 crore with its comprehensive O&M for 10 years. The project is anticipated to be completed within 9 months.

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Morganite Crucible (India) proposes to acquire 49% stake in subsidiary
Jun 20,2017

Morganite Crucible (India) proposes to acquire further 49% stake in the subsidiary Company i.e. Diamond Crucible Company from Terrassen Holding. The Board will consider the proposal on 26 June 2017.

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JK Paper gets upgradation in credit ratings
Jun 20,2017

JK Paper announced that India Ratings and Research (Ind-Ra), has upgraded JK Papers (i) Long-Term Issuer Rating to IND A- from IND BBB+, the Outlook is positive and (ii) Short-term Issuer Rating to IND A1 from IND A2+.

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Board of Fredun Pharmaceuticals approves issue of preference shares
Jun 20,2017

The Board of Directors of Fredun Pharmaceuticals at its meeting held on 20 June 2017 approved to issue compulsorily convertible preference share aggregating Rs 2.50 crore to eligible investors. The Board also considered option to purchase the three plots owned by Fredna Enterprises and the structures thereon to the Palghar Factory of the Company, which the Company is currently using as per the leave and licence agreement.

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Board of Raunaq EPC International approves issue of convertible warrants
Jun 20,2017

Raunaq EPC International announced that the Board of Directors of the Company at its meeting held on 20 June 2017 approved the issue of 4,59,000 (Four Lacs Fifty Nine Thousand) Convertible Warrants having the face value of Rs. 10/- (Rupees Ten Only) each to Promoter(s) and 1,97,757 (One Lac Ninety Seven Thousand Seven Hundred Fifty Seven) Convertible Warrants having the face value of Rs. 10/- (Rupees Ten Only) each to Non Promoters of the Company respectively on preferential basis subject to such other necessary regulatory approvals as may be required in this regard. The warrants will be issued at a price which shall be arrived as per the provisions of Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended.

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City Union Bank announces cessation of director
Jun 20,2017

City Union Bank announced the cessation of T K Ramkumar, Director w.e.f 10 June, 2017 on completion of tenure in terms of Section 10A(2A)(i) of the Banking Regulation Act, 1949.

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City Union Bank appoints director
Jun 20,2017

City Union Bank at its board meetign held on 20 June 2017 has co-opted Subramaniam Narayanan, as Additional Director on the Board of the Bank, to hold the office as Director upto the date of ensuing Annual General Meeting of the Bank.

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