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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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Pradhan Mantri Mudra Yojana (PMMY) crosses the target of Rs. 1.8 lakh crore for 2016-17
Apr 17,2017

Loans extended under the Pradhan Mantri Mudra Yojana (PMMY) during 2016-17 have crossed the target of Rs. 1,80,000 crore for 2016-17. Sanctions currently stand at Rs. 1,80,087 crore with final data still awaited from some of the smaller non-banking lenders. Of this amount, Rs. 1,23,000 crore was lent by banks while non-banking institutions lent about Rs. 57,000 crore. Data compiled so far indicates that the number of borrowers this year were over 4 crore, of which over 70% were women borrowers. About 20% of the borrowers were from the Scheduled Caste Category, 5% from the Scheduled Tribe Category, while Other Backward Classes accounted for almost 35% of the borrowers.

The achievements of both public sector banks and private banks have been extremely encouraging. The robust growth in bank loans to unfunded and underfunded segments is an indication of the emergence of this category of borrowers as a key driver of demand for credit.

The Union Budget has announced a target of Rs. 2.44 lakh crore for Mudra Loans during 2017-18. There would be a special focus within the Mudra Scheme on convergence with other government schemes, deepening connect with borrowers and meeting credit requirements of trainees completing skilling course.

Mudra Loans are available for non-agricultural activities upto Rs. 10 lakh and activities allied to agriculture such as Dairy, Poultry, Bee Keeping etc, are also covered. Mudras unique features include a Mudra Card which permits access to Working Capital through ATMs and Card Machines. Evaluation studies show that banks have been proactive in identifying and disbursing loans to first time borrowers thereby weaning them away from money lenders. Borrowers particularly value three attributes of Mudra Loans viz, non-insistence on guarantor or collateral, simple documentation and quick processing.

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Bharat Heavy Electrical commissions two 270 MW units
Apr 17,2017

Bharat Heavy Electrical has commissioned two units of 270 MW at RattanIndia Nasik Powers 5x270 MW thermal power project, located at Sinnar in Nasik District of Maharashtra.

With this, BHEL has commissioned eight sets for RattanIndia in Maharashtra - 3 sets at Nasik and 5 sets at Amravati. In addition, two more 270 MW units are presently in advanced stages of completion at Nasik.

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Board of Bhansali Engineering Polymers recommends final dividend
Apr 17,2017

Bhansali Engineering Polymers announced that the Board of Directors of the Company at its meeting held on 16 April 2017, inter alia, have recommended the final dividend of Rs 0.2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Bhansali Engineering Polymers to hold AGM
Apr 17,2017

Bhansali Engineering Polymers announced that the 33rd Annual General Meeting (AGM) of the company will be held on 15 July 2017.

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Samrat Pharmachem to hold board meeting
Apr 17,2017

Samrat Pharmachem will hold a meeting of the Board of Directors of the Company on 30 May 2017, to approve the Audited Financial Results for the year ended 31 March 2017.

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Miven Machine Tools to hold board meeting
Apr 17,2017

Miven Machine Tools will hold a meeting of the Board of Directors of the Company on 20 April 2017, to consider the Appointment of Managing Director.

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Premier Explosives to hold EGM
Apr 17,2017

Premier Explosives announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 12 May 2017 .

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SIP Industries to hold board meeting
Apr 17,2017

SIP Industries will hold a meeting of the Board of Directors of the Company on 25 April 2017.

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SVC Superchem to hold board meeting
Apr 17,2017

SVC Superchem will hold a meeting of the Board of Directors of the Company on 3 May 2017 Accounts

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Crestchem to hold board meeting
Apr 17,2017

Crestchem will hold a meeting of the Board of Directors of the Company on 30 May 2017, to Consider And Approve Audited Results Of The Company For The Quarter Ended On 31 March 2016 & Change in Auditors & Directors

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Pact Industries to hold board meeting
Apr 17,2017

Pact Industries will hold a meeting of the Board of Directors of the Company on 22 April 2017, to approve Increase in Authorised Capital.

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Blue Dart Express to hold board meeting
Apr 17,2017

Blue Dart Express will hold a meeting of the Board of Directors of the Company on 5 May 2017, to approval for Audited Financial Results for the year ended 31 March 2017; to recommend dividend on Equity Shares for the year ended 31 March 2017.

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Astra Microwave Products to hold board meeting
Apr 17,2017

Astra Microwave Products will hold a meeting of the Board of Directors of the Company on 29 April 2017, to take on record the Audited Financial Results for the fourth quarter and year ended 31 March 2017, & to recommend payment of equity dividend for the year ended 31 March 2017

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Ramkrishna Forgings to hold board meeting
Apr 17,2017

Ramkrishna Forgings will hold a meeting of the Board of Directors of the Company on 19 May 2017, to consider and approve the Audited Financial Results for the year ended 31st March 2017.

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Board of Reliance Industrial InfraStructure recommends final dividend
Apr 17,2017

Reliance Industrial InfraStructure announced that the Board of Directors of the Company at its meeting held on 14 April 2017, inter alia, have recommended the final dividend of Rs 3.5 per equity Share (i.e. 35%) , subject to the approval of the shareholders.

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