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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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LED Bulbs procurement price drops to Rs 38 per unit
Nov 24,2016

The procurement price of LED Bulbs is reduced from Rs 310 per unit in February 2014 to Rs 38 per unit in August 2016 due to the aggregation of demand and bulk procurement. This amounts to reduction of about 88% in procurement prices.

17.89 crore bulbs have been distributed by Energy Efficiency Services Limited ( EESL)  under Domestic Efficient Lighting Programme (DELP) and 14.45 lakh street lights have been replaced by LED bulbs under Street Light National Programme (SLNP) as on 21st November 2016.

Progress of Implementation of National LED Programme as on 21.11.2016 is given below :-

Parameters

DELP

SLNP

Total number of bulbs/street lights replaced

17.89 crores

14.45 lakhs

Avoided capacity generation

4649 MW

47.69 MW

Energy saved

23.2 billion kWh/year

512959 kWh/day

Reduction in carbon foot print

18.8 million tonnes CO2 / year

435 tonnes CO2  /day

Prime Minister Shri Narendra Modi launched the National LED programme on 5th January, 2015. The programme is being implemented by Energy Efficiency Services Limited (EESL), a joint venture company of Public Sector Undertakings (PSUs) under the Ministry of Power. Two initiatives, viz., Domestic Efficient Lighting Programme (DELP) and Street Light National Programme (SLNP), have been initiated under this programme, wherein household lighting and street lights respectively are replaced with LEDs. EESL has developed an innovative business model in which the entire investment in these programmes is made by it and the investment is paid back over a time from energy savings. This obviates a need for any Government funding for this programme.

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Manpasand Beverages standalone net profit rises 24.37% in the September 2016 quarter
Nov 24,2016

Net profit of Manpasand Beverages rose 24.37% to Rs 5.41 crore in the quarter ended September 2016 as against Rs 4.35 crore during the previous quarter ended September 2015. Sales rose 33.52% to Rs 99.93 crore in the quarter ended September 2016 as against Rs 74.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales99.9374.84 34 OPM %22.2621.29 - PBDT23.1718.39 26 PBT6.074.91 24 NP5.414.35 24

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Aditya Birla Fashion & Retail standalone net profit rises 6.97% in the September 2016 quarter
Nov 24,2016

Net profit of Aditya Birla Fashion & Retail rose 6.97% to Rs 64.89 crore in the quarter ended September 2016 as against Rs 60.66 crore during the previous quarter ended September 2015. Sales rose 12.61% to Rs 1866.21 crore in the quarter ended September 2016 as against Rs 1657.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1866.211657.27 13 OPM %8.839.51 - PBDT124.81120.10 4 PBT64.8960.66 7 NP64.8960.66 7

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Bluechip Tex Industries standalone net profit declines 4.71% in the September 2016 quarter
Nov 24,2016

Net profit of Bluechip Tex Industries declined 4.71% to Rs 0.81 crore in the quarter ended September 2016 as against Rs 0.85 crore during the previous quarter ended September 2015. Sales rose 6.98% to Rs 37.39 crore in the quarter ended September 2016 as against Rs 34.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales37.3934.95 7 OPM %5.304.58 - PBDT1.551.47 5 PBT1.231.15 7 NP0.810.85 -5

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Samyak International standalone net profit declines 33.33% in the September 2016 quarter
Nov 24,2016

Net profit of Samyak International declined 33.33% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015. Sales rose 24.94% to Rs 5.06 crore in the quarter ended September 2016 as against Rs 4.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.064.05 25 OPM %0.790.99 - PBDT0.040.04 0 PBT0.020.03 -33 NP0.020.03 -33

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Orient Green Power Company reports standalone net loss of Rs 14.62 crore in the September 2016 quarter
Nov 24,2016

Net Loss of Orient Green Power Company reported to Rs 14.62 crore in the quarter ended September 2016 as against net loss of Rs 51.03 crore during the previous quarter ended September 2015. Sales declined 70.42% to Rs 0.21 crore in the quarter ended September 2016 as against Rs 0.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.210.71 -70 OPM %-3185.71-1792.96 - PBDT-9.56-14.84 36 PBT-13.04-18.53 30 NP-14.62-51.03 71

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Samyak International reports consolidated net profit of Rs 0.04 crore in the September 2016 quarter
Nov 24,2016

Net profit of Samyak International remain constant at Rs 0.04 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales rose 4.43% to Rs 5.66 crore in the quarter ended September 2016 as against Rs 5.42 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.665.42 4 OPM %1.411.29 - PBDT0.080.07 14 PBT0.040.04 0 NP0.040.04 0

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Orient Green Power Company reports consolidated net profit of Rs 82.88 crore in the September 2016 quarter
Nov 24,2016

Net profit of Orient Green Power Company reported to Rs 82.88 crore in the quarter ended September 2016 as against net loss of Rs 21.32 crore during the previous quarter ended September 2015. Sales rose 11.62% to Rs 154.81 crore in the quarter ended September 2016 as against Rs 138.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales154.81138.69 12 OPM %90.2584.22 - PBDT80.1650.13 60 PBT38.486.39 502 NP82.88-21.32 LP

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Use of Alternate Material for Construction of National Highway
Nov 24,2016

The Ministry of Road Transport and highways encourages the use of alternative materials like waste plastic, rubber/polymer modified bitumen for National Highways construction, Municipal Solid Waste (MSW), fly ash and blast furnace slag etc. It is default mode to use waste plastic modified bitumen in periodical renewals on National Highways within 50 km periphery of urban areas having population more than five lakhs. Polymer/rubber modified bitumen is used for surfacing on National Highways subject to its availability and performance.

Solid waste is planned to be used on Delhi-Meerut Expressway after due processing and necessary clearances. Preliminary study was carried by the National Highways Authority of India (NHAI) through Central Road Research Institute (CRRI) at Ghazipur Dump Yard, East Delhi. The report submitted by CRRI found that suitable material from MSW can be processed for its use in construction of embankment..

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Rupee sags to touch record low
Nov 24,2016

Rupee closed lower at 68.7179/7330 per dollar on Thursday (24 November 2016), versus its previous close of 68.56/57 per dollar.

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CSIR Laboratories Instructed to Avoid Filing of Patents Without Appropriate Techno-Commercial Evaluation
Nov 24,2016

Council of Scientific and Industrial Research (CSIR) has sent out a message to all its laboratories to avoid filing of patents without appropriate techno-commercial evaluation.

In order to align the IP strategy of CSIR with the priorities of socio-economic development including escalating costs of patent filings, this message was sent to exercise utmost due diligence in filing of patents.

CSIR has taken following steps to put in place an appropriate system:

(i) Establishment of IP Directorate at CSIR to analyze IP (Intellectual Property) life cycle from generation to exploitation.

(ii) Preparation of standard operating procedures (SOP) and guidelines for evaluation of inventions in alignment with National IPR Policy.

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Prism Cement to hold board meeting
Nov 24,2016

The board meeting of Prism Cement will be held on 30 November 2016, to consider raising of funds through issue of Secured, Non-convertible Debentures on private placement basis.

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Sai Capital to hold board meeting
Nov 24,2016

The board meeting of Sai Capital will be held on 25 November 2016, to consider & approve change in Registered Office of the Company & issue of reminder to Share-Holders holding Partly-Paid Shares to deposit pending Allotment money.

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Khemani Distributors & Marketing to hold board meeting
Nov 24,2016

Khemani Distributors & Marketing has announced that the board meeting of the company will be held on 06 December 2016, to consider and approve sub-division of 1 (one) equity shares of face value of Rs. 10/- each into 2 (two) equity shares of face value of Rs. 5/- each, and to approve consequent amendment of Memorandum of Association of the Company.

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Ashoka Buildcon to hold board meeting
Nov 24,2016

Ashoka Buildcon will hold a board meeting on 02nd December 2016 to consider and approve the Unaudited Standalone Financial Results of the Company for the quarter and half year ended September 30, 2016.

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